Business & Finance
Wed, September 28, 2011Tue, September 27, 2011Mon, September 26, 2011Sun, September 25, 2011Sat, September 24, 2011Fri, September 23, 2011Thu, September 22, 2011Wed, September 21, 2011Tue, September 20, 2011Mon, September 19, 2011Sun, September 18, 2011Fri, September 16, 2011Thu, September 15, 2011Wed, September 14, 2011Tue, September 13, 2011Mon, September 12, 2011Sun, September 11, 2011Sat, September 10, 2011Fri, September 9, 2011Robbins Umeda LLP Announces an Investigation of Encore Capital Group
//business-finance.news-articles.net/content/201 .. es-an-investigation-of-encore-capital-group.html
Published in Business and Finance on Monday, September 19th 2011 at 15:01 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
- Click to Lock Slider
SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP, a [ shareholder rights litigation ] firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Encore Capital Group (NYSE: ECPG).
Robbins Umeda LLP's investigation focuses on whether officials at Encore breached their fiduciary duties to shareholders, were unjustly enriched, and wasted corporate assets to the detriment of the company and investors. In particular, the firm is investigating allegations that officials at the company caused Encore to conduct its consumer debt recovery business in a patently unlawful and illegal fashion. The firm is examining allegations that Encore, through its wholly owned subsidiaries, Midland Funding, LLC and Midland Credit Management, Inc., employed a variety of deceptive and unlawful litigation tactics, such as the use of robo-signed affidavits, which were designed to deprive alleged debtors of their day in court.
Additionally, Robbins Umeda is examining whether officials at the company richly and unjustly rewarded executive officers at Encore based on the profitability and success of these illegal practices.
Since these allegations have emerged, the company has increasingly become the focus of costly public and legal scrutiny. For example, several Attorneys General, including those of Minnesota and Texas, have filed lawsuits against Encore's subsidiaries. Furthermore, the company has recently disclosed that the Attorney General of California has also commenced an investigation into the company.
One option available to investors of Encore is to file a shareholder derivative action to hold those that allegedly damaged Encore accountable. Remedies commonly sought in derivative actions include corporate governance reforms designed to prevent future misconduct, removal of officers or directors whose misconduct injured the corporation, and monetary payments in the form of damages and/or disgorgement of ill-gotten gains.
If you own shares of Encore and would like more information about your rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the [ shareholder information form ] on our website.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. For more information, please go to [ http://www.robbinsumeda.com ].
Press release link: [ http://www.robbinsumeda.com/shareholders-rights-blog/encore-capital-group-inc/ ]
Attorney Advertising.