Epstein v. World Acceptance Corporation, et al., No. 6:14-cv-01606-MGL
Welcome to the settlement website for the Epstein v. World Acceptance Corporation, et al. Settlement (the “Litigation”).
The purpose of this website is to inform you of the pendency of this Litigation as a class action, the proposed settlement of the Litigation (the “Settlement”)1, and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement as well as counsel’s application for fees, costs, and expenses. Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Proof of Claim, both of which can be found and downloaded from here.
The Notice describes in detail the rights you may have in connection with your participation in the Settlement, what steps you may take in relation to the Settlement and this class action, and, alternatively, what steps you must take if you wish to be excluded from the Settlement Class and this Litigation. If you are a Member of the Settlement Class (as defined in the Notice), your legal rights are affected whether you act or do not act. Please read the Notice and other relevant case documents to fully understand your rights.
The Settlement resolves a lawsuit over whether World Acceptance Corporation (“World Acceptance”), A. Alexander McLean, III, John L. Calmes, Jr., Kelly M. Malson, and Mark C. Roland (“Defendants”) made materially false and misleading statements and failed to state certain facts regarding World Acceptance’s operating condition and financial prospects during the Class Period (i.e., January 30, 2013, through and including August 10, 2015). The Litigation asserts that, as a result of Defendants’ allegedly false and misleading statements, World Acceptance’s common stock traded at inflated levels during the Class Period. Defendants deny that they are liable to the Settlement Class and deny that the Settlement Class has suffered any damages.
If approved by the Court, the Settlement will provide $16 million ($16,000,000) to pay claims from investors who purchased or otherwise acquired the publicly traded common stock of World Acceptance from January 30, 2013, through and including August 10, 2015.
The Court will review the Settlement at the Settlement Hearing scheduled for December 18, 2017.
|YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:|
|SUBMIT A CLAIM FORM||The only way to be eligible to receive a payment from the Settlement. Proof of Claim forms must be postmarked (if mailed) or received (if submitted online) on or before January 17, 2018.|
|EXCLUDE YOURSELF||Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims being resolved by this Settlement. Exclusions must be postmarked on or before November 20, 2017.|
|OBJECT||Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and expenses. You will still be a Member of the Settlement Class. Objections must be received by the Court and Counsel for the Settling Parties on or before November 20, 2017.|
|GO TO A HEARING||Ask to speak in Court about the fairness of the Settlement.|
|DO NOTHING||Receive no payment. You will, however, still be a Member of the Settlement Class, which means that you give up your right to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims being resolved by this Settlement, and you will be bound by any judgments or orders entered by the Court in the Litigation.|
1 All capitalized terms used on this website are defined in the Stipulation of Settlement dated August 24, 2017 (the “Stipulation”).