SAN DIEGO, March 14, 2020 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential
claims on behalf of Aaron's, Inc. ("Aaron's" or the "Company")
(NYSE: AAN) against certain of its officers and
directors.
Recently, a class-action lawsuit was filed in federal court
against Aaron's on behalf of purchasers of the securities of
Aaron's from March 2, 2018, and
February 19, 2020 (the "Class
Period").
The complaint alleges throughout the Class Period defendants
made false and misleading statements and failed to disclose that:
(1) Aaron's had inadequate disclosure controls, procedures, and
compliance measures; (2) consequently, the operations of Aaron's
Progressive Leasing and Aaron's Business segments violated the
Federal Trade Commission Act and relevant Federal Trade Commission
("FTC") regulations; (3) consequently, Aaron's earnings from those
segments were partially derived from unlawful business practices
and were thus unsustainable; (4) the full extent of Aaron's
liability regarding the FTC's investigation into its Progressive
Leasing and Aaron's Business segments, Aaron's noncompliance with
the FTC Act, and the likely negative consequences of all the
foregoing on the Company's financial results; and (5) as a result
of the foregoing, the defendants' public statements were materially
false and misleading at all relevant times.
If you are a current, long-term shareholder of
Aaron's, holding shares before March 2, 2018, you may have standing
to hold Aaron's harmless from the alleged harm caused by the
officers and directors of the Company by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about the
investigation, please contact lead analyst
Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, if you have owned shares of Aaron's since
before March 2, 2018, you
can [Click here to join this action]. There is no
cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past
results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP