LOS ANGELES–(BUSINESS WIRE) – Schall law firm, a national shareholder rights law firm, has announced that it is investigating claims on behalf of investors in Encore Capital Group, Inc. ("Encore" or "the Company") (NASDAQ: ECPG) for violations of the law the securities laws.
The investigation focuses on whether the company has made false and / or misleading statements and / or has failed to disclose information that is relevant to investors. The Consumer Financial Protection Bureau ("CFPB") filed a complaint against Encore and its subsidiaries on September 8, 2020. The complaint alleges the company violated a consent regulation by suing consumers without the required documentation, using law firms and an internal law department to engage in debt collection efforts without providing the required information, and fail to provide the necessary credit documents to consumers after consumers request it. "Based on the news, Encore's shares fell sharply over the next two trading sessions.
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Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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