LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of PROG Holdings, Inc. (“PROG” or “the Company”) (NYSE: PRG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. PROG is the subject of a lawsuit filed by the Pennsylvania Attorney General on August 25, 2022. The lawsuit alleges that the Company violated the Rental Purchase Agreement Act (“RPAA”). The lawsuit adds that the Attorney General’s office investigated the Company’s stores, finding “widespread non-compliance” with the RPAA disclosure requirements. Based on this news, shares of PROG dropped by more than 12% on August 26, 2022.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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