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Stock impact report

Meta Financial Group Provides Information About Recent Events Concerning Lessee of Mobile Solar Generators and Affiliates

Meta Financial Group, Inc. (CASH) 
Last meta financial group, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: metafinancialgroup.com/investor-overview
Company Research Source: GlobeNewswire
SIOUX FALLS, S.D., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Meta Financial Group, Inc.® (Nasdaq: CASH) (“Meta” or the “Company”) is providing information about a specific situation involving a single relationship in the Company’s solar leasing business given recent allegations of fraud and other wrong doing by one lessee and its affiliates. Meta previously purchased a portfolio of mobile solar generators from DC Solar Solutions, Inc. and certain of its affiliates and, in turn, leased the generators to DC Solar Distribution, Inc., another affiliate of DC Solar Solutions. Recently, the Company became aware that the DC Solar entities named above, and their affiliates, filed for Chapter 11 bankruptcy protection and that they, along with their principals, are subjects of an ongoing federal investigation involving allegations of fraudulent conduct.  The Company believes this was an isolated, non-credit-related event involving a single third-party seller and lessee of mobile solar generators. M Show less Read more
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