NASDAQ:AFRM Long Term Shareholder Notice: Investigation over Potential Wrongdoing at Affirm Holdings, Inc.
An investigation on behalf of current long term investors in Affirm Holdings, Inc. (NASDAQ:AFRM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWire) -- 06/14/2022 --Certain directors of Affirm Holdings, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Affirm Holdings, Inc. (NASDAQ: AFRM) 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: AFRM stocks follows a lawsuit filed against Affirm Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AFRM stocks, concerns whether certain Affirm Holdings, 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 Northern District of California the plaintiff alleges on behalf of purchasers of Affirm Holdings, Inc. (NASDAQ: AFRM) common shares on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 PM Eastern Standard Time, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that the tweet was materially misleading, in that it omitted to disclose the full details of the Company's second quarter financial results, that the Company deleted the tweet and released its full second quarter financial results ahead of schedule, and that the full financial results were lackluster – with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.
Those who purchased shares of Affirm Holdings, Inc. (NASDAQ: AFRM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
Media Relations Contact
Michael Daniels
Shareholders Foundation
1-858-779-1554
https://www.shareholdersfoundation.com/
View this press release online at: http://rwire.com/1359066