NEW YORK, Nov. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (NYSE: PRG), Tattooed Chef, Inc. (NASDAQ : TTCF) and Establishment Labs Holdings Inc. (NASDAQ:ESTA). 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: https://bespc.com/cases/PRG
Tattooed Chef, Inc. (NASDAQ:TTCF)
On October 12, 2022, after market close, Tattooed Chef announced that it would restate its quarterly and annual financial statements for 2021 and for its first and second quarterly financial periods in 2022. Tattooed Chef indicated that these degrees should no longer be relied upon.
Tattooed Chef said the restatements came after it was notified earlier this month by its former independent registered public accounting firm, BDO USA LLP, that “the Company has incurred expenses related to a multi-vendor mailer program with a major client as …
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