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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.
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.
If you suffered a loss on your Encore Capital Group, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.
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