AXON (AAXN) Alert: Johnson Fistel Investigates Axon Enterprise, Inc. Following SEC Inquiries; Investors Encouraged to Contact Firm
SAN DIEGO, Oct. 24, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel LLP is investigating potential violations of the federal securities laws by Axon Enterprise, Inc. (NASDAQ: AAXN) ("Axon"). Axon develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide.
On October 19, 2017, Axon announced that the U.S. Securities and Exchange Commission ("SEC") is reviewing its financial statements. Specifically, the SEC issued three letters in August and September relating to its review of Axon's Form 10-K for the year ended December 31, 2016, and Form 10-Q for the quarter ended March 31, 2017. In the SEC's letter dated September 20, 2017, it stated its inquiries remained "outstanding and unresolved, and absent a substantive response, we would act consistent with our obligations under the federal securities laws." The most recent SEC letter added: "As you have not provided a substantive response, we are terminating our review and will take further steps as we deem appropriate." Following this news, shares of Axon fell over 6% to close at $23.01 per share on October 20, 2017.
If you have information that could assist in this investigation, including past employees and others, or if you are an Axon shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
SOURCE Johnson Fistel, LLP
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