Press release
Long-Term Investors in shares of AXT, Inc. (NASDAQ: AXTI) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing
An investigation on behalf of current long term investors in AXT, Inc. (NASDAQ: AXTI) shares.
Investors who are current long term investors in AXT, Inc. (NASDAQ: AXTI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: AXTI stocks follows a lawsuit filed against AXT, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AXTI stocks, concerns whether certain AXT, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that, the defendants made materially false and/or misleading statements and/or failed to disclose that AXT, Inc. overstated its property holdings, that the Company did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed, that AXT, Inc. routinely engaged in environmental violations and unsafe business practices, that AXT's production declined in 2023, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
Those who purchased shares of AXT, Inc. (NASDAQ: AXTI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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