Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California against Affirm Holdings, Inc.

April 1, 2022 10:08 AM ET

Legal Newswire USED BY LAW.COM

Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been filed against federal securities the U.S Northern District District Court California on behalf of investors who purchased Affirm Holdings, Inc. February 10, 2022 after the Company sent a Tweet regarding its financial results for the second quarter of 2022 approximately 13:15 Eastern Standard Time (EST) (“Class Period”).

All investors who bought the company’s shares Affirm Holdings, Inc. and incurred losses are ucontact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can get more information about the event or join the case on our website www.whafh.com.

If you have suffered losses at Affirm Holdings, Inc., you can no later than April 29, 2022ask the court to appoint you as the lead prosecutor of the proposed class. Please contact Wolf Haldenstein learn more about your investor rights at Affirm Holdings, Inc.

The filed complaint claims that on February 10, 2022approx 1:15 PM ESTThe company tweeted from its official Twitter account and published certain metrics from its financial results for the second quarter of 2022. Tweet, which was published before the company’s planned financial results,
recorded a very successful quarter, which included a 77% increase in sales. This caused the Company’s share price to jump by almost 10% in trading during the day.

Tweet was quite misleading in failing to disclose all details of the Company’s financial results for the second quarter. The company deleted the tweet and published its full financial results for the second quarter ahead of schedule. The full financial results were insignificant – the Company reported a loss $ 0.57 per share compared to analysts’ expectations $ 0.37 per action. Following this report, the Company’s share price fell from an intraday high $ 83.57 to close the event on $ 58.68 per action.

Wolf Haldenstein has extensive experience in prosecuting class action securities and derivative litigation in state and federal courts and appeals courts throughout the country. The firm has lawyers in various areas of practice; and offices in New York, Chicago and San Diego. The company’s reputation and expertise in shareholder and other class disputes has been repeatedly recognized by the courts, which have appointed it to senior positions in complex securities disputes in multiple districts and consolidated disputes.

If you would like to discuss this event or have any questions regarding your rights and interests in this case, please contact us immediately Wolf Haldenstein by phone at (800) 575-0735, via e-mail at [email protected]or visit our website at www.whafh.com.

Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory StoneDirector of the Case and Financial Analysis Department
E-mail: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774

URL: http://whafh.com

Contact Information:

E-mail: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774


Brands: Wire, Classaction-Marketing, Legal Newswire, United States, English

Leave a Comment