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News Breaks
December 30, 2012
13:53 EDTCSFSCash Store Financial conducting investigation of certain loan acquisitions
Subsequent to September 30, 2012, the company's Audit Committee was made aware of written communications that contained questions about the acquisition of the consumer loan portfolio from third-party lenders in late January 2012 and included allegations regarding the existence of undisclosed related party transactions in connection with the acquisition. In response to this allegation a special committee of the board has retained an independent accounting firm to conduct a special investigation. The investigation has not yet commenced and the findings, if any, are not yet known. The investigation may have an impact on the accounting for the loan acquisition transaction and/or on the accounting for, and disclosure of, any related party transactions; however, the company does not believe that the outcome of the special investigation will impact the current accounting and disclosure in these financial statements.
News For CSFS From The Last 14 Days
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October 15, 2014
18:19 EDTCSFSCash Store Financial transaction receives court approval
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05:17 EDTCSFSCash Store Financial seeks court approval to comply with production demand
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