NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Aaron’s, Inc. (NYSE:AAN) concerning 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. To obtain additional information, go to:
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