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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Axos Financial, Inc. - AX

Axos Financial, Inc. (AX) 
Company Research Source: GlobeNewswire
NEW YORK, June 30, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Axos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On June 4, 2024, Hindenburg Research published a report alleging that Axos is “exposed to the riskiest asset classes with lax underwriting standards and a loan book filled with multiple glaring problems.” The report describes schemes to hide underperforming loans, including “providing loans to non-performing or doubtful borrowers to avoid recognizing problems,” and a so-called “extend and pretend” scheme. On this news, Axos’s stock price fell $2.21 per share, or 4.21%, to close at $50.25 pe Show less Read more
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