Recent Security Class Actions

The Complaint alleges that during the Class Period, Defendants failed to disclose adverse facts about FirstCash’s business, operations and prospects, which were known to Defendants or recklessly disregarded by them, as follows: that FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% – and often exceeding 200% – in violation of the Military Lending Act ("MLA"); that FirstCash’s financial results were, in substantial part, the product of the Company’s violations of the MLA; and that as a result of the foregoing, FirstCash was exposed to a material undisclosed risk of legal, reputational and financial harm if the Company’s violations of the MLA were ever publicly disclosed.