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-0.00327011118378029 -0.00196206671026811 -0.00457815565729237 0.00392413342053633 0.00490516677567033 0.00130804447351207 -0.00784826684107266 -0.0176586003924133
Stock impact report

Kirby McInerney LLP Continues Investigation of Shareholder Claims Against PROG Holdings, Inc. (PRG)

PROG Holdings, Inc. (PRG) 
Company Research Source: GlobeNewswire
NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG). The investigation concerns whether PROG and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. PROG is a holding company that provides leasing and commercial equipment finance services through its subsidiaries. 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 Show less Read more
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