AXTI Investors Have Opportunity to Lead AXT, Inc. Securities Fraud Lawsuit

NEW YORK, June 29, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds investors a shareholder filed a class action lawsuit on behalf of purchasers of securities of AXT, Inc. (NASDAQ: AXTI) between March 24, 2021 and April 3, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by July 5, 2024.

To join the AXT, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=24168 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected].

The Rosen Law Firm is investigating the Allegations that AXT, Inc. (NASDAQ: AXTI) Misled Investors Regarding its Business Operations.

According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) AXT, Inc. overstated its property holdings; (2) AXT, Inc. did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed; (3) AXT, Inc. routinely engaged in environmental violations and unsafe business practices; (4) AXT's production declined in 2023; and (5) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against AXT, Inc. The deadline to file a motion to be appointed as lead plaintiff is July 5, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, go to https://rosenlegal.com/case/axt-inc/

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40^th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.