02:04:47 EDT Fri 26 Apr 2024
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INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Aaron ’s, Inc. Investors

2017-04-07 13:47 ET - News Release


BENSALEM, Pa. -- (Business Wire)

Law Offices of Howard G. Smith announces an investigation on behalf of investors of Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN) concerning the Company and its officers’ possible violations of federal securities laws.

On October 30, 2015, the Company announced disappointing third quarter 2015 financial results. The Company attributed its results, in part, to “higher bad debt expense and merchandise write offs due to a temporary interruption of certain data attributes we use to approve leases, as well as software issues that delayed our ability to identify and begin collections on certain delinquent accounts.” On this news, shares of Aaron’s fell more than 25% to close at just $24.67 per share on October 30, 2015.

If you purchased Aaron’s securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Source: Law Offices of Howard G. Smith

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