Curo Securities Settlement

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Curo Securities Settlement
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The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action, (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.

If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act. 

Please read the Notice carefully.

IF YOU PURCHASED OR OTHERWISE ACQUIRED CURO GROUP HOLDINGS CORP. COMMON STOCK DURING THE PERIOD BETWEEN APRIL 27, 2018 and OCTOBER 24, 2018, INCLUSIVE (THE “SETTLEMENT CLASS PERIOD”) AND WERE DAMAGED THEREBY, YOU ARE A CLASS MEMBER. 

YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

ACTIONS YOU MAY PURSUE

EFFECT OF TAKING THIS ACTION

  SUBMIT A PROOF OF CLAIM

 

The deadline to submit a claim has passed.

EXCLUDE YOURSELF FROM THE SETTLEMENT

 

The deadline to submit an exclusion request has passed.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION

 

The deadline to file an objection has passed.

  DO NOTHING

Receive no payment.  You will, however, still be a Class Member, which means that you give up your right to ever be part of any other lawsuit against the Defendants 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. 


The Settlement Hearing

The Court held a final Settlement Hearing on December 18, 2020 and approved the Settlement, proposed Plan of Allocation, and the motion requesting an award for attorneys' fees, expenses and lead plaintiff award. Copies of the orders can be accessed in the Court Documents section of this website.

What is this case about?

The Litigation is currently pending in the United States District Court for the District of Kansas before the Honorable John W. Lungstrum (the “Court”).  The initial complaint was filed on December 5, 2018.  On March 13, 2019, the Court appointed Carpenters Pension Fund of Illinois as Lead Plaintiff and Robbins Geller Rudman & Dowd LLP as Lead Counsel.

Lead Plaintiff filed the Consolidated Complaint for Violations of the Federal Securities Laws (the “Complaint”) on May 31, 2019.  The Complaint alleges that Defendants are liable for violations of the Securities Exchange Act of 1934 (“Exchange Act”) resulting from allegedly materially false and misleading statements or omissions of material facts necessary to make statements made by those Defendants in public filings and other public statements not misleading.  Among other things, Lead Plaintiff alleges that Defendants are liable for false and misleading statements and omissions regarding Curo’s business operations and financial performance.  Lead Plaintiff further alleges that when the alleged truth regarding Curo’s true business operations and financial condition was revealed, alleged artificial inflation was removed from the price of Curo common stock, damaging Members of the Settlement Class.  Defendants deny each and all of Lead Plaintiff’s allegations.  Defendants contend that they are not liable for any such alleged false or misleading statements and that all information required to be disclosed by the federal securities laws was so disclosed. 

The Settlement Benefits  

The Settlement, if approved, will result in the creation of a cash settlement fund of $8,980,000. This fund, plus accrued interest and minus the costs of this Notice and all costs associated with the administration of the Settlement, including Taxes and Tax Expenses, as well as attorneys’ fees and expenses, and any award to Lead Plaintiff pursuant to 15 U.S.C. §78u-4(a)(4) in connection with its representation of the Settlement Class, as approved by the Court (the “Net Settlement Fund”), will be distributed to eligible Settlement Class Members pursuant to the Plan of Allocation that is described in the next section of this Notice.

Further Information

This website and the Notice summarize the Settlement.  For more details regarding the Settlement please reference the Settlement Agreement, or other documents filed in the case under the “Court Documents” link on the left.  You may also contact the Claims Administrator or Lead Counsel for further information regarding the Settlement:

Claims Administrator:

Curo Securities Settlement

c/o A.B. Data, Ltd.

PO Box 173109

Milwaukee, WI  53217

(866) 833-7336

info@CuroSecuritiesSettlement.com


Lead Counsel:

Theodore J. Pintar

ROBBINS GELLER RUDMAN & DOWD LLP

655 West Broadway, Suite 1900

San Diego, CA  92101

Telephone: (800) 449-4900

 
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