AAN Aarons Holdings Company Inc

NEW YORK, July 20, 2017 /PRNewswire/ -- Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Aaron's, Inc.  (NYSE: AAN) concerning possible breaches of fiduciary duty arising from allegations that certain officers and directors of Aaron's made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Company is alleged to have issued materially false and/or misleading statements and/or failed to disclose that: (1) the highly touted proprietary algorithm of the Company's subsidiary, Progressive Finance Holdings, LLC, was plagued with software issues that hampered Progressive's ability to determine which customers met leasing qualifications; and (2) Progressive suffered a loss of critical data that impacted its ability to make loans and collect payments.

On October 30, 2015, Aaron's disclosed that Progressive lost two critical data feeds in February 2015, which negatively impacted the Company's ability to make loans and collect payments.  These revelations drove the price of Aaron's shares down $8.88, or over 26%, to close at $24.67 on October 30, 2015.

Click here for more information about our investigation of AAN: http://hkh-lawfirm.com/investigations-cases/aarons-inc-aan/

Hynes Keller & Hernandez, LLC is a shareholder rights law firm that represents institutional and individual investors.  The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients.  You can visit our website at www.hkh-lawfirm.com for more information.  Attorney advertising. Prior results do not guarantee similar outcomes.

If you hold shares in AAN and would like to obtain additional information about your legal rights and protect your investment, please visit our website at http://hkh-lawfirm.com/investigations-cases/aarons-inc-aan/ or contact the attorneys below.  There is no cost or obligation to you.

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SOURCE Hynes Keller & Hernandez, LLC