Credit Acceptance Investors May Have Legal Claims – CACC

Investors of Credit Acceptance Stock Since At Least January 1, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation

Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Credit Acceptance Corporation (“Credit Acceptance”) (NASDAQ: CACC) breached their fiduciary duties to Credit Acceptance and its shareholders.

The investigation concerns whether members of Credit Acceptance’s board of directors or senior management failed to manage Credit Acceptance in an acceptable manner, in breach of their fiduciary duties to Credit Acceptance, and whether Credit Acceptance and its shareholders have suffered damages as a result.

On January 4, 2023, the Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit against Credit Acceptance, accusing Credit Acceptance of luring consumers into unaffordable loans and then repackaging those loans into securities, dumping the resulting notes on unsuspecting investors.

INVESTORS OF CREDIT ACCEPTANCE STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR CACC SECURITIES.

SHAREHOLDERS OF CREDIT ACCEPTANCE WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.