NEW YORK, NY / ACCESSWIRE / June 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Axos Financial, Inc. ("Axos") (NYSE:AX) concerning possible violations of federal securities laws.
On June 4, 2024, Hindenburg Research released a report about Axos that raised serious concerns about Axos' credit metrics and suggested potential manipulation or distortion. The report particularly highlighted that Axos' disclosed loan-to-value (LTV) ratios in commercial real estate were significantly lower than those of its peers- 17% less than the median average of nine similar financial entities. Furthermore, accusations from a former Axos credit review officer, which were documented in litigation records, claimed that Axos habitually misrepresented the average LTV ratios of its loans to investors. Following this report Axos' share price was trading down in pre-market trading on June 4, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/axos-financial-inc-lawsuit-submission-form?prid=86141&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The 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. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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