NEW YORK, June 21, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Aaron's, Inc. ("Aaron's" or the "Company") (NYSE: AAN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/aan.
The investigation concerns whether Aaron's and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On October 30, 2015, Aaron's revealed that nine months earlier, in February 2015, Progressive Finance Holdings, LLC, its most lucrative subsidiary, had lost two important data feeds used to determine customers' leasing qualifications and that this loss of data caused Aaron's to experience "higher bad debt expense and merchandise write offs" and delayed its "ability to identify and begin collections on certain delinquent accounts." Following these revelations, Aaron's stock dropped $8.88 per share, or 26.47%, to close at $24.67 on October 30, 2015.
If you are aware of any facts relating to this investigation, or purchased Aaron's shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/aan. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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SOURCE Bronstein, Gewirtz & Grossman, LLC