NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation CACC due to allegations that Credit Acceptance has disclosed potentially materially misleading business information to the investing public.

SO WHAT: If you have purchased Credit Acceptance Securities, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=10839 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On January 4, 2023, the Consumer Financial Protection Bureau and the New York State Attorney General’s Office announced the filing of a credit acceptance complaint. The lawsuit alleges that Credit Acceptance, a subprime auto lender, concealed the true cost of its loans, employed aggressive collection tactics and violated New York’s usury laws on interest rates and other laws protecting investors.

As a result of this news, the price of Credit Acceptance’s shares fell by $52.69, or over 11%, to close at $403.49 per share on January 4, 2023, hurting investors.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these firms do not conduct securities class action lawsuits. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest security class ever…