Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Lost Money in Axos Financial, Inc.? Gibbs Law Group Investigates Potential Securities Law Violations By: Gibbs Law Group via Business Wire June 04, 2024 at 21:21 PM EDT Shares of Axos Financial, Inc. (“Axos”) dropped over 7% in intraday trading on Tuesday, June 4, 2024, following a report published by Hindenburg Research, which alleges that Axos is exposed to the riskiest asset classes and has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” Gibbs Law Group is investigating a potential Axos Financial Class Action Lawsuit on behalf of shareholders who lost money in Axos Financial, Inc. (NYSE: AX). What Should Axos Financial, Inc. Investors Do? Learn more about the Axos Class Action Lawsuit Investigation here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Axos Financial, Inc. has violated federal securities laws by providing false or misleading statements to investors. What is the Axos Financial Securities Lawsuit Investigation About? On June 4, 2024, Hindenburg Research published a blistering report alleging that industry analysis, interviews with former Axos employees, and an examination of Axos’ loan book indicate that the company has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” According to the Hindenburg Report, 53% of Axos’ total loan book is also exposed to the “riskiest asset classes”—the sharply deteriorating US commercial real estate market. In addition to Hindenburg’s claims regarding Axos’ “highly misleading” metrics, the report highlights allegations by a former credit review officer, which were documented in litigation records. According to the former credit review officer, “the Bank routinely misrepresented the average loan to value ratio’s of its loans to investors.” Hindenburg claims that “similar schemes” were identified by other former Axos employees during its investigation. Following this news, shares of Axos Financial dropped over 7% in intraday trading on Tuesday, June 4, 2024, causing significant harm to investors. About Gibbs Law Group Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.” This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20240604033092/en/Contacts EILEEN EPSTEIN PHONE: 510.350.9728 EMAIL: EJE@CLASSLAWGROUP.COM Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Lost Money in Axos Financial, Inc.? Gibbs Law Group Investigates Potential Securities Law Violations By: Gibbs Law Group via Business Wire June 04, 2024 at 21:21 PM EDT Shares of Axos Financial, Inc. (“Axos”) dropped over 7% in intraday trading on Tuesday, June 4, 2024, following a report published by Hindenburg Research, which alleges that Axos is exposed to the riskiest asset classes and has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” Gibbs Law Group is investigating a potential Axos Financial Class Action Lawsuit on behalf of shareholders who lost money in Axos Financial, Inc. (NYSE: AX). What Should Axos Financial, Inc. Investors Do? Learn more about the Axos Class Action Lawsuit Investigation here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Axos Financial, Inc. has violated federal securities laws by providing false or misleading statements to investors. What is the Axos Financial Securities Lawsuit Investigation About? On June 4, 2024, Hindenburg Research published a blistering report alleging that industry analysis, interviews with former Axos employees, and an examination of Axos’ loan book indicate that the company has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” According to the Hindenburg Report, 53% of Axos’ total loan book is also exposed to the “riskiest asset classes”—the sharply deteriorating US commercial real estate market. In addition to Hindenburg’s claims regarding Axos’ “highly misleading” metrics, the report highlights allegations by a former credit review officer, which were documented in litigation records. According to the former credit review officer, “the Bank routinely misrepresented the average loan to value ratio’s of its loans to investors.” Hindenburg claims that “similar schemes” were identified by other former Axos employees during its investigation. Following this news, shares of Axos Financial dropped over 7% in intraday trading on Tuesday, June 4, 2024, causing significant harm to investors. About Gibbs Law Group Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.” This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20240604033092/en/Contacts EILEEN EPSTEIN PHONE: 510.350.9728 EMAIL: EJE@CLASSLAWGROUP.COM
Shares of Axos Financial, Inc. (“Axos”) dropped over 7% in intraday trading on Tuesday, June 4, 2024, following a report published by Hindenburg Research, which alleges that Axos is exposed to the riskiest asset classes and has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” Gibbs Law Group is investigating a potential Axos Financial Class Action Lawsuit on behalf of shareholders who lost money in Axos Financial, Inc. (NYSE: AX). What Should Axos Financial, Inc. Investors Do? Learn more about the Axos Class Action Lawsuit Investigation here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Axos Financial, Inc. has violated federal securities laws by providing false or misleading statements to investors. What is the Axos Financial Securities Lawsuit Investigation About? On June 4, 2024, Hindenburg Research published a blistering report alleging that industry analysis, interviews with former Axos employees, and an examination of Axos’ loan book indicate that the company has “lax underwriting standards,” “a loan book filled with multiple glaring problems,” and credit metrics that “show signs of manipulation or distortion.” According to the Hindenburg Report, 53% of Axos’ total loan book is also exposed to the “riskiest asset classes”—the sharply deteriorating US commercial real estate market. In addition to Hindenburg’s claims regarding Axos’ “highly misleading” metrics, the report highlights allegations by a former credit review officer, which were documented in litigation records. According to the former credit review officer, “the Bank routinely misrepresented the average loan to value ratio’s of its loans to investors.” Hindenburg claims that “similar schemes” were identified by other former Axos employees during its investigation. Following this news, shares of Axos Financial dropped over 7% in intraday trading on Tuesday, June 4, 2024, causing significant harm to investors. About Gibbs Law Group Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.” This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20240604033092/en/
