Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired FirstCash Holdings, Inc. (“FirstCash”) (NASDAQ: FCFS) common stock between February 1, 2018 and November 12, 2021, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the Defendants failed to disclose to investors that: (1) FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% – and often exceeding 200% – in violation of the MLA and the Order; (2) FirstCash had failed to implement the remedial measures imposed by the Order; (3) FirstCash’s financial results were, in substantial part, the product of its violations of the MLA and the Order; and (4) as a result of the foregoing, FirstCash was exposed to a material undisclosed risk of legal, reputational and financial harm if FirstCash’s violations of the MLA and the Order were ever publicly disclosed.
Current Status of Case:
On March 31, 2023, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji,Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.