SAN DIEGO, CA / ACCESSWIRE / August 9, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NYSE: AAN shares against Aaron's, Inc. over alleged Securities Laws Violations.

The plaintiff seeks to recover losses for certain investors who purchased NYSE: AAN shares.

Investors who purchased shares of Aaron's, Inc. (NYSE: AAN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On October 30, 2015, Aaron's, Inc announced its third quarter 2015 financial results. Aaron's, Inc attributed its results, in part, to "higher bad debt expense and merchandise write offs due to a temporary interruption of certain data attributes we use to approve leases, as well as software issues that delayed our ability to identify and begin collections on certain delinquent accounts."

On June 19, 2017, a lawsuit was filed against Aaron's, Inc. over alleged securities laws violations. The plaintiff claims that the defendants misled investors with regard to its subsidiary, Progressive Finance Holdings, LLC. More specifically, the plaintiff claims that between that Aaron's, Inc concealed from investors that Aaron's, Inc was experiencing software issues that impacted Progressive's underwriting algorithm, and that in truth, Progressive Finance Holdings, LLC had lost critical data in February 2015, which impacted the Company's ability to make loans and collect payments.

Those who purchased Aaron's, Inc. (NYSE: AAN) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.