AXT, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On April 4, 2024, J Capital Research issued a report on AXT, Inc., noting that although the company is listed in the U.S., its primary operations occur through a subsidiary based in China. AXTI’s intention to list this subsidiary in Shanghai for fresh financing was met with unexpected scrutiny, revealing various undisclosed issues within China. The report highlighted concerns such as data falsification, tax evasion, improper handling of hazardous materials, questionable related-party transactions, intellectual property disputes, and instances of defaulting on legal obligations and employee wages.
Subsequent to the report’s publication, there was an observed decline in the Company’s stock price during early morning trading on the same day, April 4, 2024.
