Axos Investigation Underway: Johnson Fistel, LLP Digs

SAN DIEGO, June 4, 2024 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating possible violations of securities laws by Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX).. We are investigating whether the company or its executives failed to disclose important information to investors, resulting in losses on their investments. If you purchased Axos securities and suffered losses, we encourage you to participate in our investigation to potentially assert claims and recover damages under the federal securities laws.

What happens if I have purchased Axos securities? If you believe you have a potential claim against Axos and would like to participate in the investigation or learn more about your legal rights and options, please contact Johnson Fistel, LLP at (619) 814-4471) or click here to participate in the investigation online. There is no cost or obligation to you.

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What does Johnson Fistula examine? On June 4, 2024, Hindenburg Research published a report on Axos. This report raised serious concerns about Axos’ credit metrics and suggested potential manipulation or distortion. In particular, it highlighted that its disclosed loan-to-value (LTV) ratios on commercial real estate were significantly lower than its peers. Hindenburg Research pointed out that Axos’ LTV ratios were 17% below the median average of nine similar financial institutions. In addition, allegations from a former credit underwriter documented in trial filings claimed that Axos regularly misrepresented the average LTV ratios of its loans to investors. Following this report, Axos’ share price declined in premarket trading on June 4, 2024.

What if I have relevant non-public information? Persons with nonpublic information about the Company should consider assisting our investigation or utilizing the SEC Whistleblower Program. Under the SEC Program, whistleblowers who provide original information may, under certain circumstances, receive rewards of up to thirty percent of any successful SEC recovery. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

About Johnson Fistel, LLP | Top Law Firm, Securities Fraud, Investor Rights:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia and Colorado. The firm represents individual and institutional investors in shareholder class action lawsuits involving derivatives and securities. We also offer our services to foreign investors who have purchased on U.S. stock exchanges. Stay up to date on news about stock market declines and learn how Johnson Fistel, LLP can help you recoup your losses. For more information about the firm and its attorneys, visit http://www.johnsonfistel.com.

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Contact:
Johnson Fistula, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]