NEW YORK, NY - 
(NewMediaWire) - June 5, 2024 - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX). Click here to join the investigation.
If you are an Axos investor and would like to discuss our investigation, please click here or contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On June 4, 2024, Hindenburg Research published a report about Axos disclosing its short position. Hindenburg Research states, among other things, that “Axos' rosy-looking credit metrics show signs of manipulation or distortion.” Further, according to the report, during Hindenburg Research’s investigation “[a] former Axos credit review officer detailed the practice of loan ‘evergreening,’ or providing loans to non-performing or doubtful borrowers to avoid recognizing problems” and former employees described “[s]imilar schemes, also known as ‘extend’ and ‘pretend’ . . . .”
Following this news, Axos shares fell $2.21 per share, or 4.2%. to close at $50.25 per share on June 4, 2024.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
