Axos Financial, Inc.

Rosen Law Firm, a global investor rights law firm, announces announces an investigation of potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public.

If you purchased Axos Financial securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On June 4, 2024, before the market opened, Hindenburg Research issued a report entitled “Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath this Priced-For-Perfection Bank”. In this report, Hindenburg stated that its “research, including industry analysis, interviews with 21 former employees, lease agents and industry experts, combined with an examination of Axos’ loan book derived through local property records, indicates a company exposed to the riskiest asset classes with lax underwriting standards and a loan book filled with multiple glaring problems.”

On this news, Axos Financial’s stock fell $2.21 per share, or 4.2%, to close at $50.25 per share on June 4, 2024.

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Company Name: Axos Financial, Inc.
Stock Symbol: AX
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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