BOULDER, Colo., Aug. 21, 2008 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that it is investigating CompuCredit Corporation ("CompuCredit") (Nasdaq:CCRT) for possible improprieties relating to the sale and marketing of consumer credit cards.
If you currently own CompuCredit common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
CompuCredit is a provider of various credit and related financial services and products to consumers. On June 10, 2008, the Federal Deposit Insurance Corporation ("FDIC") and Federal Trade Commission ("FTC") announced joint-enforcement actions against CompuCredit for significant and pervasive violations of federal regulations governing the sale and marketing of credit cards to consumers. The action commenced by the FTC seeks to recover more than $200 million in restitution from CompuCredit and the FDIC action seeks a further $6.2 million civil fine against the Company. This conduct has exposed CompuCredit to penalties, fines and Cease and Desist Orders that may harm CompuCredit and its ability to market its products and services to consumers.
The Shuman Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
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