Bragar Eagel & Squire, P.C. Is Investigating Cavco,

July 31, 2022 Off By administrator

NEW YORK, July 31, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Cavco Industries, Inc. (NASDAQ: CVCO), Discover Financial Services (NYSE: DFS), MINISO Group Holding Limited (NYSE: MNSO), and World Wrestling Entertainment, Inc. (NYSE: WWE). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

Cavco Industries, Inc. (NASDAQ: CVCO)

On November 8, 2018, Cavco revealed in an SEC filing that it had “received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company.”

On this news, Cavco share prices fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018.

On February 4, 2019, revealed that it had received requests for additional documents. Cavco further disclosed spending, and expecting to spend, millions of dollars on legal and insurance expenses in relation to the SEC’s subpoenas and the Company’s independent investigation into the matter.

On this news, Cavco share prices fell $26.92 per share or about 16.7% to close at $134.37 per share on February 5, 2019.

On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information.

On this news, Cavco share prices fell $6.59 per share, or about 2.5%, to close at $252.48 per share on September 3, 2021.

For more information on the Cavco investigation go to: https://bespc.com/cases/CVCO

Discover Financial Services (NYSE: DFS)

Discover is a digital banking and payment services company offering customers credit card loans, private student loans, personal loans, home loans, and deposit products.

In 2015, the U.S. Consumer Financial Protection Bureau (“CFPB”) issued a consent order against Discover based on the CFPB’s finding that Discover engaged in illegal debt collection practices and that Discover misstated the minimum amounts due on billing statements as well as tax information consumers needed to get federal income tax benefits. In 2020, the CFPB issued a consent order against Discover based on its findings that Discover violated the prior CFPB order, the Electronic Fund Transfer Act, and the Consumer Financial Protection Act of 2010.

On July 20, 2022, Discover revealed that it was “suspending until further notice its existing share repurchase program because of an internal investigation relating to its student loan servicing practices and related compliance matters.” Discover further disclosed that “[t]he investigation is ongoing and is being…

(Excerpt) To read the full article , click here
Image credit: source