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NEW YORK, July 10, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX). Such investors are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980, extension 7980.

The investigation concerns whether Axos and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

[Click here for information about joining the class action]

At June 4, 2024Hindenburg Research published a report claiming that Axos was “exposed to the riskiest asset classes with lax lending standards and a loan portfolio riddled with glaring problems.” The report describes schemes to hide underperforming loans, including “making loans to distressed or dubious borrowers to avoid detection of problems” and what it called an “extension and pretense scheme.”

Following this news, Axos’ share price fell $2.21 per share or 4.21% and closed at $50.25 per share on June 4, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of securities litigation victims. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

Attorney advertising. Past results do not guarantee similar results.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 extension 7980

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