It was reported in news outlets on March 10, 2021 that Credit Acceptance was under investigation by the office of the Attorney General of New York for violations of the Martin Act, a New York statute which grants the Attorney General expansive law enforcement powers to conduct investigations into potential securities fraud and to bring civil or criminal actions against alleged violators.
On March 11, 2021, Credit Acceptance’s stock price fell $21.79 per share, or 5.43%, on this news, to close at $379.36 per share.
Credit Acceptance Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067