27.07.2017 21:34:00
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Faruqi & Faruqi, LLP is Investigating Aaron's, Inc. (AAN) on Behalf of its Shareholders
NEW YORK, July 27, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Aaron's, Inc. ("Aaron's" or the "Company") (NYSE: AAN).
The investigation focuses on whether the Company's Board of Directors and/or its officers committed mismanagement and breached their fiduciary duties by making and/or causing the Company to make false and misleading statements and/or failing to timely disclose that Progressive Finance Holdings, LLC ("Progressive"), the Company's most profitable subsidiary, had suffered a data loss which impacted the use of Progressive's proprietary algorithm. The data loss impacted the Company's ability to make loans and collect payments. Furthermore, Aaron's senior executives admitted that the Company had discovered the data loss in February 2015, nine months before it was disclosed to investors. As a result of the foregoing, Aaron's is currently facing a securities class action lawsuit.
Request more information now by clicking here: www.faruqilaw.com/AAN. There is no cost or obligation to you.
Take Action
If you currently own Aaron's stock and have continuously owned Aaron's stock since at least February 2015 and would like to discuss your legal rights, please visit www.faruqilaw.com/AAN. You can also contact us by calling Nina Varindani toll free at (212) 983-9330 or by sending an e-mail to nvarindani@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Aaron's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Nina Varindani
nvarindani@faruqilaw.com
Telephone: (212) 983-9330
Attn: Stuart Guber
sguber@faruqilaw.com
Telephone: (215) 277-5770
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SOURCE Faruqi & Faruqi, LLP
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