Company Website:
http://www.kleinstocklaw.com/
NEW YORK -- (Business Wire)
The Klein Law Firm announces that a class action complaint has been
filed on behalf of shareholders of Aaron's, Inc. (NYSE: AAN) who
purchased shares between February 6, 2015
and October 29, 2015. The action, which was
filed in the United States District Court for the Northern District of
Georgia, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period,
defendants made 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.
Shareholders have until August 18, 2017 to petition the court for
lead plaintiff status. Your ability to share in any recovery does not
require that you serve as lead plaintiff. You may choose to be an absent
class member.
If you suffered a loss during the class period and wish to obtain
additional information, please contact Joseph Klein, Esq. by telephone
at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sb/aarons-inc.
Joseph Klein, Esq. is an experienced attorney and has also practiced as
a Certified Public Accountant. Mr. Klein represents investors and
participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not
guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170710006280/en/
Contacts:
The Klein Law Firm
Joseph Klein, Esq., 212-616-4899
Fax:
347-558-9665
www.kleinstocklaw.com
Source: The Klein Law Firm
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