The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Aaron’s Inc. Investors (AAN)
March 04 2020 - 9:00AM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN)
investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On February 20, 2020, Aaron’s disclosed that its Progressive
segment had reached an agreement in principle with the U.S. Federal
Trade Commission (“FTC”) regarding the July 2018 civil
investigative demand, which had sought to determine whether
disclosures related to the Company’s financial products were in
violation of the FTC Act. The proposed agreement required Aaron’s
to “make a payment of $175 million and enhance certain
compliance-related activities, including monitoring, disclosure and
reporting requirements.”
On this news, the Company’s share price fell $10.70 per share,
or over 19%, to close at $45.45 per share on February 20, 2020,
thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Aaron’s securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200304005240/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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