An investigation for investors in Aaron’s, Inc. (NYSE:AAN) shares over potential securities laws violations by Aaron’s, Inc. was announced and NYSE:AAN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/12/2017 -- Aaron's, Inc.is under investigation concerning possible violations of securities laws. The investigation was announced on behalf of investors in NYSE:AAN shares ov in connection certain financial statements made by Aaron's, Inc.
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 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aaron's, Inc. (NYSE:AAN) concerning whether a series of statements by Aaron's, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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." Shares of Aaron's, Inc. (NYSE:AAN) declined from $40.33 per share on October 9, 2015 to as low as $20.33 per share on January 8, 2016.
Those who purchased shares of Aaron's, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com