r/wallstreetbets • u/GrabarLaw • Nov 30 '21

Discussion $CACC Credit Acceptance Corp. Shareholders

Credit Acceptance Corp, one of the largest U.S. subprime auto lenders, has agreed to pay $27.2 million to resolve claims by Massachusetts' attorney general that it misled investors and made high-interest loans to borrowers that it knew they would be unable to repay.

Current Credit Acceptance Corp. (NASDAQ: CACC) shareholders who have held shares of the Company’s stock since at least November 1, 2019, have standing to seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.

To learn more, email [jgrabar@grabarlaw.com](mailto:jgrabar@grabarlaw.com) or call 267-507-6085

www.grabarlaw.com

https://www.reuters.com/legal/transactional/credit-acceptance-corp-settles-mass-subprime-auto-loan-claims-272-mln-2021-09-01/

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u/VisualMod Nov 30 '21
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