The Law Offices of Frank R. Cruz announces an investigation of Encore Capital Group, Inc. (“Encore Capital” or the “Company”) (NASDAQ: ECPG) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ENCORE CAPITAL GROUP, INC. (ECPG), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On February 26, 2025, Encore Capital released its fourth quarter 2024 financial results, reporting a net loss of $139 million, due in part to a “$101 million goodwill charge in Q4” as part of “certain restructuring actions” including “adjustments to Cabot’s estimated remaining collections (ERC).”
On this news, Encore Capital’s stock price fell $10.19, or 21.9%, to close at $38.95 per share on February 27, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Encore Capital securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250303635889/en/
