April 11, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Aarons, Inc. (NYSE:AAN) shares over potential securities laws violations by Aarons, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aarons, Inc. (NYSE:AAN) concerning whether a series of statements by Aarons, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 30, 2015, Aaron's, Inc announced its third quarter 2015 financial results. Aaron's, Inc attributed its results, in part, to higher bad debt expense and merchandise write offs due to a temporary interruption of certain data attributes we use to approve leases, as well as software issues that delayed our ability to identify and begin collections on certain delinquent accounts.

Shares of Aaron's, Inc. (NYSE:AAN) declined from $40.33 per share on October 9, 2015 to as low as $20.33 per share on Janaury 8, 2016.

On February 17 2017, Aarons, Inc. reported its fourth quarter and year end 2016 results. Aaron's, Inc. reported that its annual Total Revenue rose from over $3.17 billion in 2015 $3.2 billion in 2016 and that its Net Income rose from $135.71 million in 2015 to $139.28 million in 2016.

Shares of Aaron's, Inc. (NYSE:AAN) closed on April 11, 2017 at $30.89 per share.