Bragar Eagle & Squire, PC investigates PROG, UiPath,

Bragar Eagle & Squire, PC investigates PROG, UiPath,


NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (NYSE: PRG), UiPath, Inc. (NYSE: PATH) and Schmitt Industries, Inc. (NASDAQ: SMIT). Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

PROG Holdings, Inc. (NYSE:PRG)

On August 25, 2022, the Pennsylvania Attorney General filed a lawsuit against PROG’s Progressive Leasing unit for alleged violations of the Rent-to-Purchase Agreement (“RPAA”), a law that requires companies to clearly disclose fees for hire-to-own financing. According to the lawsuit, agents from the attorney general’s office visited several stores across the state that use progressive leasing to offer hire-purchase agreements to their customers. “The investigation revealed widespread non-compliance” with the RPAA’s disclosure requirements by Progressive Leasing and its trading partners, the attorney general’s office said in a statement.

As a result of 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.

For more information on the PROG investigation, go to:

UiPath, Inc. (NYSE: PATH)

On September 6, 2022, UiPath reported second quarter results, including a reduction in its guidance for the year. The company attributed the disappointing news to currency concerns and macroeconomic uncertainties.

Based on this news, UiPath’s stock price fell $2.27 per share, or 14%, to close at $13.84 per share on September 7, 2022.

For more information on the UiPath investigation, see:

Schmitt Industries, Inc. (NASDAQ:SMIT)

On September 20, 2022, after the market closed, Schmitt announced that his previous financial statements “no longer…

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