Philadelphia, Pennsylvania–(Newsfile Corp. – March 10, 2022) – Berger Montagueis investigating allegations of securities fraud on behalf of investors who purchased securities of Affirm Holdings, Inc. (“Affirm” or the “Company”) (NASDAQ: AFRM) between February 10, 2022 to February 10, 2022 (the “Class Period”).
If you purchased Affirm securities during the Class Period, wish to discuss the Berger Montague investigation, or have questions about your rights or interests, please contact attorneys Andrew Abramowitz at [email protected] or (215) 875-3015, or Michael Dell’ Angelo at [email protected] or (215) 875-3080 or visit: https://investigations.bergermontague.com/affirm-holdings/.
Complainants: Anyone with non-public information about Affirm is encouraged to confidentially assist in the Berger Montague investigation or take advantage of the SEC’s whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of the recoveries obtained by the SEC. For more information contact us.
the demand: San Francisco-based Affirm is a buy-now-pay-later company that makes installment loans to creditors.
According to a recently filed lawsuit, at approximately 1:15 pm EST on February 10, 2022, Affirm issued a Tweet disclosing, prior to the company’s earnings release, certain metrics from its second-quarter financial results. 2022. The Tweet portrayed a very successful quarter, including a 77% increase in revenue. This caused Affirm’s share price to rise nearly 10% in intraday trading.
Shortly thereafter, on the same day, Affirm removed the Tweet and released its full Q2 2022 financial results ahead of schedule. The full financial results were far less impressive than investors were led to believe from the Tweet, with Affirm’s share price falling $24.89 per share, or 32%, from an intraday high of $83.57 per share. , to close at $58.68 per share in February. 10
Berger Montaguewith offices in Philadelphia, Minneapolis, Washington, DC, and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades, serving as lead counsel in the tribunals. throughout the United States.
Andrew Abramowitz, Senior Attorney
Michael Dell’Angelo, Executive Shareholder
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