Law Offices of Howard G. Smith continues its investigation on behalf of Encore Capital Group, Inc. (“Encore Capital” or the “Company”) (NASDAQ: ECPG) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ENCORE CAPITAL GROUP, INC. (ECPG), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
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:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
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