Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Aaron's, Inc. Investors and Encourages Investors to Contact the Firm

Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased Aaron's, Inc. ("Aaron's" or the "Company") AAN securities between February 6, 2015 and October 29, 2015, inclusive (the "Class Period"). Aaron's investors have until August 18, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Aaron's case page on our website at www.glancylaw.com/case/aarons-inc.

On October 30, 2015, Aaron's disclosed to investors that in February 2015, Progressive Finance Holdings, LLC, the Company's most profitable subsidiary, had lost two critical data feeds used to determine customers' leasing qualifications. Specifically, the loss of data caused the Company to experience "higher bad debt expense and merchandise write offs" and delayed its "ability to identify and begin collections on certain delinquent accounts."

On this news, the Company's share price fell $8.88, or 26.47%, to close at $24.67 on October 30, 2015.

The Complaint filed in this class action alleges that during the Class Period, Aaron's violated federal securities laws by making materially false and/or misleading public statements regarding the profitability of the Company's Progressive Finance Holdings, LLC ("Progressive") subsidiary. The Company misled investors regarding Progressive concealing from investors that it was experiencing software issues that impacted Progressive's underwriting algorithm. In reality, Progressive lost critical data in February 2015, which impacted the Company's ability to make loans and collect payments.

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If you purchased shares of Advisory Board during the Class Period you may move the Court no later than August 18, 2017 to ask the Court to appoint you as lead plaintiff in this class action lawsuit. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action lawsuit. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

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