LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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