SAN DIEGO, Sept. 28, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistel, LLP (www.JohnsonFistula.com) examines whether PROG Holdings, Inc. (“PROG” or the “Company”) PRG, one of its officers or others has violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.
What if I bought PROG common stock? If you bought PROG common stock and suffered significant losses on your investment, join our investigation now:
There are no costs or obligations for you.
What does Johnson examine fistula? On August 25, 2022, the Pennsylvania Attorney General filed a lawsuit against Progressive Leasing for violating a state disclosure law that ensures high lease fees are clearly disclosed to consumers considering hire-purchase financing. The Hire-Purchase Agreement Act (RPAA) requires certain terms and conditions of hire-purchase transactions to be advertised to consumers via a hangtag that is physically attached to the products offered for hire.
According to the lawsuit, agents from the attorney general’s office visited several businesses across Pennsylvania that use progressive leasing to offer hire-purchase agreements to their customers. The attorney general’s office stated, “The investigation found widespread non-compliance” with RPAA’s disclosure requirements by Progressive Leasing and its commercial partners.
What if I have relevant non-public information? Those with nonpublic information about the company should consider cooperating with our investigation or participating in the SEC’s whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to 30% for each successful recovery by the SEC. For more information contact Jim Baker at (619)…
Read full story here https://www.benzinga.com/pressreleases/22/09/g29060325/prog-holdings-shareholder-news-johnson-fistel-encourages-prg-shareholders-with-losses-to-contact-t