Grabar Law Office Investigates Potential Shareholder Derivative Action On Behalf of Shareholders of CURO Group Holdings, Corp. (NYSE: CURO)

A Shareholder Class Action Alleging CURO Made Materially False and Misleading Statements Survives Motion to Dismiss.

According to the class action complaint, between July 31, 2018 and October 24, 2018, CURO touted the ongoing success of transitioning its Canadian inventory products from Single-Pay Loans to Open-End Loans and reaffirmed its 2018 full-year financial guidance. Despite positive assurances regarding the transition, on October 24, 2018, CURO shocked investors with disappointing results for the Company's third quarter, including Canadian revenue that had decreased by $4.4 million, provision for losses that had increased by $8.7 million, and an adjusted EBITDA that decreased by $15.36 million. As a result, CURO revised its 2018 full-year guidance to include adjusted net income in the range of $88-$91 million compared to the previous range of $110-$116 million and an adjusted EBITDA in the range of $215-$218 million compared to its previous range of $245-$255 million.

Current CURO shareholders who purchased shares of the Company’s stock prior to July 31, 2018, have standing to seek corporate governance reforms, and possibly the return of funds back to company coffers and a court approved incentive award if appropriate.

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