Curo Can't Ditch Investor Suit Over Canada Products
Law360 (December 4, 2019, 1:20 PM EST) -- Online lender Curo must face a proposed class action accusing it of concealing the impact of regulatory changes on its rollout of new products in Canada, a Kansas federal judge ruled Tuesday, saying Curo’s investors presented convincing claims detailing specific omissions of essential information.
While Curo Group Holdings Corp., which offers short-term loans online, argued in its defense that it consistently disclosed regulatory risks it knew about at the time, as well as any existing effect on its earnings, U.S. District Judge John W. Lungstrum found that the crux of the shareholders’ allegations went deeper than that.
“Considering the totality of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!