SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of FleetCor Technologies, Inc.  – FLT

NEW YORK, June 23, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FleetCor Technologies, Inc. ("FleetCor" or the "Company") (NYSE: FLT).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether FleetCor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

On December 19, 2016, Chevron Corporation ("Chevron"), FleetCor's largest U.S. partner, announced that it had terminated its relationship with the Company and signed a long-term contract with FleetCor's primary competitor.  On this news, FleetCor's share price fell $5.08, or 3.43%, to close at $142.96 on December 19, 2016. 

On March 1, 2017, the investigative news and legal analysis company Capitol Forum published an article, based on interviews with numerous former FleetCor employees and FleetCor customers, describing how FleetCor's business model relies on overcharging customers and padding fee income through improperly assessing late fees.  On this news, the Company's share price fell $5.25, or 3.09%, to close at $164.75 on March 1, 2017. 

On April 4, 2017, Citron Research ("Citron") published a report similarly accusing FleetCor of being a "predatory company by design, whose cores strategy is to methodically rip off its customers, using business practices and fees that are designed to deceive."  On this news, FleetCor's share price fell $8.55, or 5.69%, to close at $141.60 on April 4, 2017. 

On April 27, 2017, Citron published a follow-up report describing FleetCor's development of a scheme to categorize its partners based on the level of improper fees the Company could charge without the customers complaining.  On this news, FleetCor's share price fell $5.73, or 3.79%, to close at $145.65 on April 27, 2017.  On May 1, 2017, Chevron sued FleetCor for breach of contract.  Following the filing of Chevron's complaint, FleetCor's share price fell $10.18, or 6.87%, to close at $138.00 on May 2, 2017. 

On May 3, 2017, Citron reported on the Chevron lawsuit, stating that the lawsuit indicates that Chevron's termination of the FleetCor contract was due to the Company's mistreatment of its customers.  On this news, FleetCor's share price fell $6.74, or 4.88%, to close at $131.26

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

 

SOURCE Pomerantz LLP

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PCM, Inc. – PCMI

NEW YORK, June 23, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PCM, Inc. ("PCM" or the "Company") (NASDAQ: PCMI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether PCM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

On March 16, 2015, PCM issued a press release announcing that the Company had entered into an agreement to acquire the assets of En Pointe Technologies Sales, Inc. ("En Pointe"). On May 2, 2017, SeekingAlpha published an article discussing a lawsuit between En Pointe's previous owner and PCM, reporting, in relevant part, that PCM had alleged in the lawsuit that En Pointe's financial statements had materially overstated the profitability of the business. 

On this news, PCM's share price fell $2.05, or more than 8%, to close at $22.30 on May 2, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com 

SOURCE Pomerantz LLP

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in KBR, Inc. of Class Action Lawsuit and Upcoming Deadline – KBR

NEW YORK, June 23, 2017 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against KBR, Inc. ("KBR" or the "Company") (NYSE: KBR) and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-01840, is on behalf of a class consisting of investors who purchased or otherwise acquired KBR securities, seeking to recover compensable damages caused by defendants' violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased KBR securities between February 27, 2014 and April 27, 2017, both dates inclusive, you have until July 3, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

KBR provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction.

Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's United Kingdom ("UK") subsidiaries had violated applicable bribery and corruption laws; and (ii) as a result of the foregoing, KBR's public statements were materially false and misleading at all relevant times. 

On April 28, 2017, the United Kingdom's Serious Fraud Office confirmed that it had opened an investigation into "the activities of KBR's UK subsidiaries, their officers, employees and agents for suspected offences of bribery and corruption." 

On this news, KBR's share price fell $1.43, or 9.24%, to close at $14.05 on April 28, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP

Ribbon Cutting for Commercial Freezer Facility Near SEA-TAC Airport

BURIEN, Wash., June 23, 2017 /PRNewswire/ -- Western Distribution Services (WDS) of Burien, WA, along with Kidder Mathews (KM) of Seattle, WA, Bridge Development Partners (BDP) of Chicago, IL, and Tippmann Innovation (TI) of Fort Wayne, IN, are proud to announce the ribbon cutting of an advanced, convertible refrigerated/freezer warehouse near Seattle's Sea-Tac Airport. The ceremony, held on June 23, 2017 at 1010 South 146th St. in Burien, Washington, is the culmination of a project that brought the four companies together to create a state of the art facility to service the rising need for cold storage in the growing Seattle area. 

WDS will operate the new facility which was designed and constructed by Tippmann Innovation with Bridge Development serving as developer. The massive 241,140-square-foot facility will house 41,000 pallets with the versatility to operate a range of temperatures to accommodate products from fresh perishables to frozen foods. The warehouse was built on a 15-acre site that came with its own set of challenges, including a sloping terrain. Over 100,000 cubic yards of soil was moved during construction. However, the close proximity to the airport provides a huge advantage for WDS' cold storage customers.

Brian Niven of Bridge Development explains the impact of the location, "This location is the equivalent of having seats on the 50 yard line at the Super Bowl. It is at the center of a growing area with easy access to several transportation options, including land, sea and air. With today's heavy emphasis on fresh products, this facility is perfectly positioned for quick distribution to just about anywhere in the country."

Built to fit the needs of WDS, the new facility meets all their expectations and then some. "We have been looking for a cold storage solution for several years," says John Naylor, WDS president. He said that once they were able to secure the land, WDS knew they wanted Tippmann to design and build the facility. "This is not their first rodeo. They have the experience and expertise we needed. If I were going to build another cold storage facility, I would call them again."

Dan Mathews of Kidder Mathews recalls how the project team was created. "Kidder Mathews, Tippmann Innovation and Bridge Development were very compatible working as a team. We each recognized the other companies' unique perspective and strengths. We all shared in the vision to make the needs of the customer the highest priority. Collectively, we were able to create the right solution for WDS and their customers." 

Tippmann Innovation, a leader in the planning and building of cold storage facilities, worked with BDP and WDS to design a modern, efficient facility that has the capacity and the flexibility to provide refrigerated service as the needs arise, using the most advanced technology in the industry.

About Tippmann Innovation. Tippmann Innovation is an award winning, specialty industrial cold storage builder that develops buildings around a business plan, ensuring that an investment becomes a profit center. TI utilizes time-honed expertise and advanced technology solutions to create efficient buildings that scale with a business, and are designed to maximize profitability through fully integrating operations and supply chain, by design. TI provides a full suite of cold storage construction services, including master site planning and operations guidance. TI's innovations include the Patented QF+ in-rack freezing and thawing system, coupled with the T2™ spacer system that creates the fastest system available.  TI has offices in Indiana, Illinois and Florida and operates internationally.
Learn more about this project: https://www.ticold.com/Western-Distribution-Services

About Western Distribution Services. WDS operates top cold storage warehousing facilities in the Pacific NW Region and offers a breadth of services designed to protect customer assets, improve distribution efficiency and save money. WDS provides customers the critical vision, information, service, flexibility and partnership to make them more competitive. Learn more at wdscold.com.

About Bridge Development Partners, LLC. Named GCFD's 2016 Developer of the Year, Bridge Development Partner's goal is to develop and acquire properties that add investor value. Headquartered in Chicago, Bridge develops investment-grade buildings and business parks and acquires land for the development of speculative and build-to-suit projects. Additionally, Bridge develops and owns cold storage and refrigerated facilities throughout the Chicago and now Seattle areas. Learn more at bridgedev.com.

About Kidder Mathews. Founded over 40 years ago, Kidder Mathews is now the largest independent commercial real estate firm on the West Coast with nearly 700 employees in 20 offices throughout Washington, Oregon, California, Nevada and Arizona. Kidder Mathews has built a reputation of absolute integrity, high-level expertise and incredible client service that continuously impresses clients. Learn more at kiddermathews.com.

For more information: Rob Adams, TI: 260-424-2222
Media inquiries: 165757@email4pr.com

SOURCE Tippmann Innovation

Paragon 28® launches the PHANTOM(TM) Lapidus Intramedullary Nail System, the first intramedullary nail option to correct hallux valgus at the 1st TMT joint

ENGLEWOOD, Colo., June 23, 2017 /PRNewswire/ -- Today Paragon 28 launches the PHANTOM™ Lapidus Intramedullary Nail, the first dedicated intramedullary nail designed specifically for use in correction of arthrodesis of the first TMT joint. 

Surgeons face a variety of challenges and complications in bunion correction with a Lapidus procedure:

  • Prominence of hardware creating patient discomfort
  • Generation and maintenance of compression at fusion site to allow for proper healing
  • Plantar, medial, and lateral gapping at the fusion site
  • Preparation of bone surfaces to optimize contact surface area

The PHANTOM™ Lapidus Nail System was designed with these challenges in mind. The prominence of plates and screw heads was taken into careful consideration in the design of a zero-prominence implant. This design was intended to eliminate pain associated with hardware prominence of traditional plating systems.  Being intramedullary, this nail is capable of accepting greater forces across the fusion site and limits migration during healing which may allow for earlier weight bearing when compared with competitive devices.  The intramedullary design is intended to minimize disruption to the periosteum and preserve blood flow which traditional plating systems may suffocate.

The Nail utilizes crossed screw fixation both distally and proximally which has been shown to generate greater compressive force than screws placed through a plate.  The Nail exerts a proportionate amount of force in all directions resisting recurrent hallux valgus (associated with non-anatomically contoured medial plating systems) and plantar gapping (associated with dorsal plating systems).  The system includes instrumentation to facilitate drilling and nail placement ensuring accurate positioning of the nail in a highly vascularized environment. 

Finite element analysis (FEA) was used to determine the appropriate amount of compression for the first TMT joint.  The system includes a calibrated driver which allows surgeons to determine when the nail has achieved this ideal compression amount. 

In order to accommodate varying patient anatomies and for use with Paragon 28's PRESERVE Lapidus Graft, nails are offered in lengths of 38-60 mm (2 mm increments).  Threaded pegs are provided to allow for bicortical fixation and threading through the nail.  A locking screw is used in the most dorsal hole of the nail to further lock in the construct and prevent bony in-growth through the nail.

Paragon 28 is grateful for the significant contributions Dr. Thomas Chang, DPM, Dr. James Clancy, DPM, Dr. Michael Houghton, MD, and Dr. Thomas San Giovanni, MD, made as surgeon designers of this system.

Product Page:

http://www.paragon28.com/products/phantom-lapidus-nail/

Contact:
Jim Edson
Director of Project Management and Marketing
jedson@paragon28.com

 

SOURCE Paragon 28

Block & Leviton LLP Announces Class Action Lawsuit Against Axiom Holdings, Inc. (AIOM) And Encourages Shareholders To Contact The Firm

BOSTON, June 23, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a class action lawsuit has been filed against Axiom Holdings, Inc. ("Axiom" or the "Company") (OTCQB: AIOM) and certain of its officers and directors for violations of the federal securities laws.

Investors who purchased or otherwise acquired Axiom securities between October 14, 2016 and June 19, 2017 (the "Class Period") must move the Court no later than August 21, 2017 to serve as lead plaintiff in this action.

If you wish to become involved in the litigation or have questions about your legal rights, please contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/axiom

On June 19, 2017, Axiom disclosed that it had received a subpoena from the Securities and Exchange Commission ("SEC") apparently regarding the propriety of the Company's December 2016 share exchange with CJC Holdings, Ltd., ("CJC") under which Axiom acquired all of CJC's outstanding shares. Specifically, Axiom disclosed the purported CEO of CJC, who signed the share exchange agreement in December 2016, had actually resigned from that role a month earlier.

On this news, Axiom's stock fell nearly 22%, causing millions in losses to shareholders.

According to the Complaint, throughout the Class Period, Axiom Holdings made false and misleading statements and/or failed to disclose that the Company lacked control over the merger process sufficient to ensure that the share exchange agreement with CJC would be completed; that the agreement with CJC was never completed; that Axiom Holdings' issuance of shares to the CJC Shareholders was thus improper; and as a result, the Company's public statements were materially false and misleading at all relevant times.

As a member of the class, you may seek to file a motion to serve as a lead plaintiff by August 21, 2017, or take no action and remain an absent class member. Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

SOURCE Block & Leviton LLP

Block & Leviton LLP Announces Class Action Lawsuit Against Axiom Holdings, Inc. (AIOM) And Encourages Shareholders To Contact The Firm

BOSTON, June 23, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a class action lawsuit has been filed against Axiom Holdings, Inc. ("Axiom" or the "Company") (OTCQB: AIOM) and certain of its officers and directors for violations of the federal securities laws.

Investors who purchased or otherwise acquired Axiom securities between October 14, 2016 and June 19, 2017 (the "Class Period") must move the Court no later than August 21, 2017 to serve as lead plaintiff in this action.

If you wish to become involved in the litigation or have questions about your legal rights, please contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/axiom

On June 19, 2017, Axiom disclosed that it had received a subpoena from the Securities and Exchange Commission ("SEC") apparently regarding the propriety of the Company's December 2016 share exchange with CJC Holdings, Ltd., ("CJC") under which Axiom acquired all of CJC's outstanding shares. Specifically, Axiom disclosed the purported CEO of CJC, who signed the share exchange agreement in December 2016, had actually resigned from that role a month earlier.

On this news, Axiom's stock fell nearly 22%, causing millions in losses to shareholders.

According to the Complaint, throughout the Class Period, Axiom Holdings made false and misleading statements and/or failed to disclose that the Company lacked control over the merger process sufficient to ensure that the share exchange agreement with CJC would be completed; that the agreement with CJC was never completed; that Axiom Holdings' issuance of shares to the CJC Shareholders was thus improper; and as a result, the Company's public statements were materially false and misleading at all relevant times.

As a member of the class, you may seek to file a motion to serve as a lead plaintiff by August 21, 2017, or take no action and remain an absent class member. Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

SOURCE Block & Leviton LLP

RM LAW Announces Class Action Lawsuit Against Booz Allen Hamilton Holding Corporation

BERWYN, Pa., June 23, 2017 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Booz Allen Hamilton Holding Corp. (NYSE: BAH) ("Booz Allen" or the "Company") securities between May 19, 2016 and June 15, 2017, inclusive (the "Class Period").

Booz Allen shareholders may, no later than August 18, 2017, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Booz Allen and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

Booz Allen provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally.

The complaint alleges that Booz Allen and certain of its senior executive officers made a series of false and misleading statements to investors about the Company's business, operations, and compliance policies. Specifically, the defendants are alleged to have made false and misleading statements and/or failed to disclose that (i) Booz Allen engaged in improper accounting practices in its contracts with the U.S. government; (ii) consequently, the Company's revenues derived from services provided to the U.S. government were inflated and unsustainable; and (iii) discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government.

On June 15, 2017, Booz Allen disclosed that "the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of the Company's cost accounting and indirect cost charging practices with the U.S. government."

Following this news, shares of the company's stock declined $7.43 per share, or 18.9%, to close on June 16, 2017, at $31.90 per share, on heavy trading volume.

If you are a member of the class, you may, no later than August 18, 2017, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website: www.maniskas.com.

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055 Westlakes Dr., Ste. 3112
Berwyn, PA 19312
484-324-6800
844-291-9299
rm@maniskas.com

SOURCE RM LAW, P.C.

RM LAW Announces Class Action Lawsuit Against Aaron’s, Inc.

BERWYN, Pa., June 23, 2017 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Aaron's, Inc. (NYSE: AAN) ("Aaron's" or the "Company") securities between February 6, 2015 to October 29, 2015, inclusive (the "Class Period").

Aaron's shareholders may, no later than August 18, 2017, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Aaron's and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

Aaron's, Inc. operates an omnichannel provider of lease-purchase solutions. It operates through five segments: Sales and Lease Ownership, Progressive, DAMI, Franchise, and Manufacturing.

The complaint alleges that throughout the Class Period, Defendants made false and misleading statements regarding its subsidiary, Progressive Finance Holdings, LLC ("Progressive").  The Complaint also alleges that Aaron's concealed from investors that it was experiencing software issues that impacted the Company's underwriting algorithm and that Progressive had lost critical data in February 2015, which negatively impacted its ability to make loans and collect payments.

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 a member of the class, you may, no later than August 18, 2017, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website: www.maniskas.com.

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055 Westlakes Dr., Ste. 3112
Berwyn, PA 19312
484-324-6800
844-291-9299
rm@maniskas.com

 

SOURCE RM LAW, P.C.

RM LAW Announces Class Action Lawsuit Against Aaron’s, Inc.

BERWYN, Pa., June 23, 2017 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Aaron's, Inc. (NYSE: AAN) ("Aaron's" or the "Company") securities between February 6, 2015 to October 29, 2015, inclusive (the "Class Period").

Aaron's shareholders may, no later than August 18, 2017, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Aaron's and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

Aaron's, Inc. operates an omnichannel provider of lease-purchase solutions. It operates through five segments: Sales and Lease Ownership, Progressive, DAMI, Franchise, and Manufacturing.

The complaint alleges that throughout the Class Period, Defendants made false and misleading statements regarding its subsidiary, Progressive Finance Holdings, LLC ("Progressive").  The Complaint also alleges that Aaron's concealed from investors that it was experiencing software issues that impacted the Company's underwriting algorithm and that Progressive had lost critical data in February 2015, which negatively impacted its ability to make loans and collect payments.

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 a member of the class, you may, no later than August 18, 2017, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website: www.maniskas.com.

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055 Westlakes Dr., Ste. 3112
Berwyn, PA 19312
484-324-6800
844-291-9299
rm@maniskas.com

 

SOURCE RM LAW, P.C.