Axos Financial-ALARM: Block & Leviton investigation into securities fraud could enable investors to offset losses

BOSTON, MA / ACCESSWIRE / June 4, 2024 / Block & Leviton is investigating Axos Financial, Inc. (NYSE:AX) for possible violations of securities laws. Investors who lost money on their investment in Axos Financial should contact the firm to learn more about how to recover those losses. For more details, visit https://blockleviton.com/cases/ax.

What is it about?

Axos Financial shares fell sharply on Tuesday morning after Hindenburg Research released a report claiming the company was “exposed to the riskiest asset classes, with lax lending standards and a loan portfolio riddled with glaring problems.” The report describes schemes to cover up loans that do not perform as expected, including “making loans to distressed or dubious borrowers to avoid identifying problems” and what it called an “extension and pretense scheme.”

Who is eligible?

Anyone who purchased Axos Financial common stock and experienced a decline in the stock price may be eligible, whether or not they sold their investment. Investors should contact Block & Leviton to learn more.

What does Block & Leviton do?

Block & Leviton is investigating whether the company violated securities laws and may file suit to recover losses on behalf of investors who lost money.

What should you do next?

If you have lost money on your investment, you should contact Block & Leviton to learn more. You can do this through our case website, by email at [email protected], or by calling (888) 256-2510.

Whistleblower?

If you have nonpublic information about Axos Financial, please consider assisting our investigation or working with our attorneys to file a report with the Securities Exchange Commission through its whistleblower program. Whistleblowers who provide original information to the SEC may receive a reward of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or call (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the nation’s leading class action law firms. Our attorneys have recovered billions of dollars for defrauded investors and are committed to obtaining significant compensation on behalf of our clients through active litigation in federal courts across the country. Many of the nation’s largest institutional investors retain us to represent their interests. For more information about us, visit our website at www.blockleviton.com. Call us at (888) 256-2510 or email [email protected] if you have any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
E-mail: [email protected]

SOURCE: Block & Leviton LLP

View the original press release on accesswire.com.