LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between February 6, 2015 and October 29, 2015, inclusive (the “Class Period”), are encouraged to contact the firm before August 18, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Aaron’s violated federal securities laws by making materially false and/or misleading public statements, and/or failing to disclose material information, to investors. The Company misled investors regarding its subsidiary, Progressive Finance Holdings, LLC (“Progressive”), concealing from investors that it was experiencing software issues that impacted Progressive’s underwriting algorithm. In reality, Progressive lost critical data in February 2015, which impacted the Company’s ability to make loans and collect payments. Following this news, Aaron’s stock price fell materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
