NEW ORLEANS, July 14, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until August 18, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against Aaron's, Inc. (NYSE: AAN), if they purchased the
Company's shares between February 6,
2015 and October 29, 2015,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Northern District of
Georgia.
Get Help
Aaron's investors should visit us at
https://www.claimsfiler.com/cases/view-aarons-inc-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Aaron's and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On October 30, 2015, Aaron's
revealed that a software glitch affecting the credit qualification
algorithm utilized by its subsidiary, Progressive Finance Holding,
LLC, had resulted in the loss of critical data as well as the
Company's ability to make lease qualification determinations and
collect payments. Aaron's further announced that the problems
had first been discovered in February, nine months prior to the
revelation.
On this news, the price of Aaron's shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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SOURCE ClaimsFiler