LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aaron's, Inc. (“Aaron’s” or “the Company”) (NYSE: AAN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Aaron’s announced its financial results quarter ended December 31, 2019, on February 20, 2020. The Company disclosed that its Progressive Leasing (“Progressive”) segment had reached an agreement in principle with the FTC regarding the agency’s Civil Investigative Demand dated July 2018. According to Aaron’s, “Under the proposed agreement, which requires final approval by FTC Commissioners and the U.S. District Court for the Northern District of Georgia, Progressive will make a payment of $175 million and enhance certain compliance-related activities, including monitoring, disclosure and reporting requirements.” Based on this news, shares of Aaron’s fell by more than 19% on the same day.
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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.
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