The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Credit Acceptance Corporation (CACC) Investors
LOS ANGELES–(BUSINESS WIRE)–Oct 5, 2020–
The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Credit Acceptance Corporation (“Credit Acceptance” or the “Company”) (NASDAQ: CACC ) common stock between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”). Credit Acceptance investors have until December 1, 2020 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to participate.
On Friday, August 28, 2020, the Massachusetts Attorney General (“AG”) filed a complaint against Credit Acceptance alleging that the Company made unfair and deceptive auto loans to consumers and engaged in unfair debt collection practices. Among other things, the complaint alleged that, since 2013, Credit Acceptance topped off the pools of loans that it packaged and securitized with higher risk loans. It further alleged that