SHAREHOLDER ALERT: Encore Capital Group, Inc. Investigated for Possible Securities Laws Violations by Block & Leviton LLP; Investors Should Contact the Firm
BOSTON, MA / ACCESSWIRE / January 25, 2021 / Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, announces that it is investigating Encore Capital Group, Inc. (NASDAQ:ECPG) for potential violations of the federal securities laws.
On September 8, 2020, the Consumer Financial Protection Bureau ("CFPB") filed a complaint alleging that Encore Capital Group and its subsidiaries violated a consent order "by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it." On this news, shares of Encore Capital Group stock fell $3.59 per share, or approximately 10%, to close at $42.29 on September 9, 2020. Then on November 2, 2020, Encore Capital Group announced that it had paid $15 million to the CFPB to settle the complaint. On this news, the Company's stock fell another $2.44 per share on November 3, 2020, representing another drop of over 7%.
Block & Leviton LLP (www.blockleviton.com) is investigating whether Encore Capital Group and certain of its executives may be liable for securities fraud. If you purchased or acquired shares of Encore Capital Group and have questions about your legal rights or possess information relevant to these investigations, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or at https://www.blockleviton.com/cases/ecpg.
Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm's lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
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