NEW YORK, Oct. 30, 2017 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Axon Enterprise, Inc. (“Axon” or the “Company”)
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Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Axon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 19, 2017, post-market, Axon announced that the U.S. Securities and Exchange Commission (“SEC”) is reviewing the Company’s financial filings. Specifically, Axon has received three letters from the SEC requesting additional information regarding Axon’s 2016 annual report and the Company’s quarterly report for the first quarter of 2017. Axon advised investors that Axon only recently became aware of the SEC’s letters, the earliest of which was dated August 10, 2017. The SEC’s third letter to Axon, dated September 20, 2017, informed the Company that the SEC’s inquiries were “outstanding and unresolved, and absent a substantive response, we would act consistent with our obligations under the federal securities laws.”
On this news, Axon’s share price has fallen as much as $1.62, or 6.58%, during intraday trading on October 20, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP
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