Case Page

 

Case Status:    ONGOING    
On or around 09/28/2017 (Ongoing date of last review)

Filing Date: June 16, 2017

According to the law firm press release, the Complaint alleges that during the Class Period, Aaron's misled investors with regard to its subsidiary, Progressive Finance Holdings, LLC ("Progressive"). The Complaint also alleges that the Company concealed from investors that the Company was experiencing software issues that impacted Progressive's underwriting algorithm. In truth, Progressive had lost critical data in February 2015, which impacted the Company's ability to make loans and collect payments.

COMPANY INFORMATION:

Sector: Services
Industry: Rental & Leasing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AAN
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Georgia
DOCKET #: 17-CV-02270
JUDGE: Hon. Steve C Jones
DATE FILED: 06/16/2017
CLASS PERIOD START: 02/06/2015
CLASS PERIOD END: 10/29/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New York, NY)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (New York, NY), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  2. Caplan Cobb LLP
    75 Fourteenth Street, NE Suite 2750 , Caplan Cobb LLP , GA 30309
    404-596-5610 404-596-5604 ·
No Document Title Filing Date