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Aaron's Inc. (NYSE: AAN)

Securities Class Action

Overview
  • Date:
  • 8/8/2017
  • Company Name:
  • Aaron's Inc.
  • Stock Symbol:
  • AAN
  • Class Period:
  • FROM 2/6/2015 TO 10/29/2015
  • Status:
  • Closed/Complete
  • Court:
  • U.S. District Court: Northern Georgia

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NEW YORK, August 8, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Georgia on behalf of all persons or entities who purchased or otherwise acquired Aaron's Inc. (NYSE: AAN) securities between February 6, 2015 and October 29, 2015 (the “Class Period”).  Investors have until August 18, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company touted the proprietary algorithm of its subsidiary, Progressive Finance Holdings, LLC, when software issues plagued Progressive's ability to determine which customers met the leasing qualifications; (2) Progressive suffered a loss of critical data that impacted its ability to make loans and collect payments.

On October 30, 2015, the Company disclosed that Progressive had lost two critical data feeds in February 2015, which affected the Company’s ability to make loans and collect payments.

If you purchased or otherwise acquired Aaron's securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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