Berger Montague PC Investigating Potential Claims on Behalf of goeasy Ltd. Investors (OTC: EHMEF)
Prnewswire·2026-03-12 12:52

Core Viewpoint - Berger Montague PC is investigating potential claims on behalf of investors of goeasy Ltd. following significant financial disclosures that led to a drastic decline in share price [1] Company Overview - goeasy Ltd. is a leading non-prime consumer lender in Canada, offering a range of leasing and lending products [1] - The company is headquartered in Mississauga, Ontario, Canada [1] Financial Disclosures - On March 10, 2026, goeasy announced an expected incremental charge-off of approximately $178 million (CAD) for Q4 2025 related to its Lendcare business, against gross consumer loans receivable of $5.5 billion (CAD) as of December 31, 2025 [1] - The company also disclosed a related write-down of approximately $55 million (CAD) for loan interest and fees [1] - Total net charge-offs for the quarter are anticipated to be approximately $331 million (CAD) [1] Market Reaction - Following the financial disclosures, goeasy's share price plummeted from $84.44 per share on March 9, 2026, to $36.67, marking a decline of $47.77 or over 56% in a single trading session [1] Forecast Withdrawal - In light of the financial issues, goeasy has withdrawn its previously issued Q4 2025 outlook and three-year forecast [1]

Berger Montague PC Investigating Potential Claims on Behalf of goeasy Ltd. Investors (OTC: EHMEF) - Reportify