AXTI LAWSUIT ALERT: Levi & Korsinsky Notifies AXT, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, July 8, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in AXT, Inc. ("AXT, Inc." or the "Company") (NASDAQ: AXTI) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of AXT, Inc. investors who were adversely affected by alleged securities fraud between March 24, 2021 and April 3, 2024. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/axt-inc-lawsuit-submission-form?prid=88941&wire=4
AXTI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) AXT, Inc. overstated its property holdings; (2) the Company did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed; (3) AXT, Inc. routinely engaged in environmental violations and unsafe business practices; (4) AXT, Inc.'s production declined in 2023; and (5) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
WHAT'S NEXT? If you suffered a loss in AXT, Inc. during the relevant time frame, you have until July 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
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