SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Axon Enterprise, Inc. (AAXN)
NEW YORK, Oct. 23, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Axon Enterprise, Inc. ("Axon" or the "Company") (NASDAQ: AAXN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/aaxn.
On October 19, 2017, after the Market closed, 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." That 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, Axon's share price fell $1.61, or 6.54%, to close at $23.01 on October 20, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Axon, you can assist this investigation by visiting the firm's site: www.bgandg.com/aaxn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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