Encore Capital Group, Inc. (NASDAQ: ECPG)

This investigation is for anyone who acquired securities in Encore Capital Group, Inc. (NASDAQ: ECPG) prior to February 26, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely inform investors that the Company would have to take an impairment charge to goodwill.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Encore Capital Group, Inc. (NASDAQ: ECPG) prior to February 26, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.