Aaron's Inc. is an American lease-to-own retailer of furniture, electronics, appliances, and computers.

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.

On September 18, 2017, the Court issued an order appointing Lead Plaintiff and Counsel and re-captioning the action as "In re Aaron’s, Inc. Securities Litigation." A consolidated Complaint was filed on October 27. Defendants filed a Motion to Dismiss the consolidated Complaint on December 15. On September 26, 2018, the Court issued an Order granting Defendants' Motion to Dismiss the consolidated Complaint.