AXTI - AXTI Stockholders: Robbins LLP Reminds AXTI Stockholders of Securities Fraud Class Action Against AXT Inc. | Benzinga
SAN DIEGO, May 23, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired AXT, Inc. (NASDAQ:AXTI) securities between March 24, 2021 and April 3, 2024. AXT, Inc. describes itself as a "worldwide materials science company that develops and produces high-performance compound and single element semiconductor substrates, also known as wafers."
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The Allegations: Robbins LLP is Investigating the Allegations that AXT, Inc. (AXTI) Misled Investors Regarding its Business Operations
According to the complaint, during the class period, defendants failed to disclose that: (1) AXT, Inc. overstated its property holdings; (2) the Company did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed; (3) AXT, Inc. routinely engaged in ...