BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN) securities between February 6, 2015 and October 29, 2015, inclusive (the “Class Period”). Aaron’s investors have until August 15, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Aaron’s investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
The Complaint alleges that during the Class Period, Aaron’s violated federal securities laws by making materially false and/or misleading public statements regarding the profitability of the Company’s Progressive Finance Holdings, LLC (“Progressive”) subsidiary. The Company misled investors regarding 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.
If you purchased shares of Aaron’s during the Class Period you may move the Court no later than August 15, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.
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