Bronstein, Gewirtz and Grossman, LLC reminds AXT Inc. shareholders to file a class action lawsuit!

NEW YORK CITY, NY / ACCESSWIRE / June 30, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against AXT Inc (“AXT” or “the Company”) (NASDAQ:AXTI) and certain of its officers.

Class definition:

The purpose of this action is to seek damages from Defendants for alleged violations of the federal securities laws on behalf of all persons and entities who purchased or otherwise acquired AXT securities between March 24, 2021 and April 3, 2024, inclusive (the “Litigation Period”). Such investors are encouraged to join this case by visiting the Company’s website: bgandg.com/AXTI.

Case details:

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) AXT, Inc. overvalued its real estate holdings; (2) AXT, Inc. failed to disclose that the attempted initial public offering of an AXT, Inc. subsidiary in China reportedly failed; (3) AXT, Inc. routinely committed environmental violations and engaged in unsafe business practices; (4) AXT, Inc.’s production declined in 2023; and (5) as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all times.

What’s next?

A class action lawsuit has already been filed. If you would like to review a copy of the lawsuit, you may visit the firm’s website: bgandg.com/AXTI or you may contact Peretz Bronstein, Esq. or his Client Relations Manager Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in AXT, you have until July 5, 2024 to request that the court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.

There are no costs for you

We represent investors in class action lawsuits on a contingency basis, meaning we ask the court to reimburse us for our expenses and attorney fees (usually a percentage of the total award) only if we win.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Past results do not guarantee similar results.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz & Grossman, LLC