HIGHLY RECOGNIZED LAW FIRM ROSEN Encourages Affirm Holdings, Inc. Investors Suffering Losses Greater Than $100,000 to Find Counsel Ahead of Important Deadline in Securities Class Action
NEW YORK, April 12, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Affirm Holdings, Inc. (NASDAQ: AFRM) securities on February 10, 2022 after the Company sent a Tweet regarding its second quarter 2022 financial results to approximately 1:15 p.m. EST (the “Class Period”), the important April 29, 2022 deadline of the main applicant.
SO WHAT: If you purchased Affirm securities during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Affirm class action, go to https://rosenlegal.com/submit-form/?case_id=3161 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than April 29, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the February 10, 2022 around 1:15 p.m. EST, Affirm tweeted from its official Twitter account disclosing some metrics of its second quarter 2022 financial results. The tweet, which was posted ahead of the company’s scheduled financial results release, described a very successful quarter, which included a 77% revenue increase. This sent Affirm’s stock price up nearly 10% in intraday trading.
The tweet was materially misleading, in that it failed to disclose full details of Affirm’s second quarter financial results.
Affirm deleted the tweet and released its full second quarter financial results ahead of schedule. Full financial results were poor – with the company posting a loss of $0.57 per share, compared to analysts’ expectations of $0.37 per share.
On this news, Affirm’s stock price fell from an intraday high of $83.57 per share to close at $58.68 per share, or approximately 32%.
To join the Affirm class action, go to https://rosenlegal.com/submit-form/?case_id=3161 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania