AAN Shareholder Alert

April 28, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation on behalf of investors who purchased or otherwise acquired the securities of Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN) between March 2, 2018 and February 19, 2020, inclusive (the “Class Period”).

If you purchased or otherwise acquired the securities of Aaron’s during the Class Period, you may move the Court for appointment as lead plaintiff by no later than April 28, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Aaron’s investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Aaron’s, headquartered in Atlanta, Georgia, operates as a provider of lease-purchase solutions to underserved and credit-challenged customers.

The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that Aaron’s had disclosure controls, procedures, and compliance measures which were inadequate; (2) that as a result, the operations of Aaron’s Progressive and AB segments were in violation of the Federal Trade Commission (“FTC”) Act and/or relevant FTC regulations; (3) that, consequently, the Company’s earnings from those segments were derived in part from unlawful and therefore unsustainable business practices; and (4) the full scope of Aaron’s liability regarding the FTCs investigation into its Progressive and AB segments, the Company’s noncompliance with the FTC Act, and the likely negative consequences of all the foregoing on the Company’s financial results.

On July 26, 2018, after markets closed, Aaron’s disclosed that, in July 2018, the Company received civil investigative demands (“CID”) from the FTC requesting Aaron’s produce documents and answers to written questions to determine whether disclosures related the Company’s financial products offered through its AB and Progressive segments had violated the FTC Act. On this news, the price of Aaron’s stock fell $5.38 per share, or 11.01%, from its closing price of $48.85 on July 16, 2018, to close at $43.47 per share on July 27, 2018, on elevated trading volume.