(MENAFN- Newsfile Corp) PROG Investor Alert
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In PROG To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - March 19, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PROG Holdings, Inc. ('PROG' or the 'Company') (NYSE: PRG).
If you suffered losses exceeding $50,000 investing in PROG stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . You may also click here for additional information: .
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On August 25, 2022, Pennsylvania's Attorney General filed a lawsuit against PROG's Progressive Leasing unit for allegedly violating the Rental Purchase Agreement Act ('RPAA'), a law that requires companies to clearly disclose fees for rent-to-own financing. According to the lawsuit, agents of the Attorney General's Office visited multiple stores across the state that use Progressive Leasing to offer rental-purchase agreement to their customers. 'The investigation revealed widespread non-compliance' with the RPAA's disclosure requirements by Progressive Leasing and its merchant partners, the Attorney General's Office said in a statement.
On this news, PROG's stock price fell $2.51 per share, or 12.14%, to close at $18.16 per share on August 26, 2022.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
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