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NEW YORK, NY / ACCESSWIRE / November 23, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Credit Acceptance Corporation (NASDAQ:CACC)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/credit-acceptance-corporation-loss-submission-form?prid=11124&wire=1
Lead Plaintiff Deadline: December 1, 2020
Class Period: November 1, 2019 - August 28, 2020
Allegations against CACC include that: (i) the Company was topping off the pools of loans that they packaged and securitized with higher-risk loans; (ii) Credit Acceptance was making high-interest subprime auto loans to borrowers that the Company knew borrowers would be unable to repay; (iii) the borrowers were subject to hidden finance charges, resulting in loans exceeding the usury rate ceiling mandated by state law; (iv) Credit Acceptance took excessive and illegal measures to collect debt from defaulted borrowers; (v) as a result, the Company was likely to face regulatory scrutiny and possible penalties from various regulators or lawsuits; and (vi) that, as a result of the foregoing, Defendants positive statements about the Company's business, operations, and adherence to appropriate laws and regulations were materially misleading and/or lacked a reasonable basis.
Aurora Cannabis Inc. (NYSE:ACB)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/aurora-cannabis-inc-loss-submission-form-2?prid=11124&wire=1
Lead Plaintiff Deadline: December 1, 2020
Class Period: February 13, 2020 - September 4, 2020
Allegations against ACB include that: (i) Aurora had significantly overpaid for previous acquisitions and experienced degradation in certain assets, including its production facilities and inventory; (ii) the Company's purported "business transformation plan" and cost reset failed to mitigate the foregoing issues; (iii) accordingly, it was foreseeable that the Company would record significant goodwill and asset impairment charges; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Royal Caribbean Cruises Ltd. (NYSE:RCL)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/royal-caribbean-cruises-ltd-loss-submission-form?prid=11124&wire=1
Lead Plaintiff Deadline: December 7, 2020
Class Period: February 4, 2020 - March 17, 2020