Affirm Holdings Lawsuit AFRM | Deadline February 6, 2023
Affirm Holdings Class Action Lawsuit (AFRM Lawsuit)
A lawsuit has been filed against the Affirm Holdings Inc., (AFRM:NASDAQ) on December 6, 2022 at the court of the Northern District of California.
Investors who purchased or otherwise acquired AFRM common stock during the period from February 12, 2021 – December 15, 2021 can register their information before the deadline of February 6, 2023.
Is Affirm Holdings Involved in a Securities Class Action Lawsuit?
Yes, a lawsuit has been filed against Affirm Holdings Inc. on December 6, 2022, on behalf of shareholders during the period from February 12, 2021 – December 15, 2021.
What Is The Affirm Holdings Lawsuit About?
The Affirm Holdings Class Action Lawsuit (NASDAQ:AFRM) (Affirm Holdings Class Action Lawsuit) was filed on behalf of the investors who purchased Affirm Holdings Class Action Lawsuit (AFRM) securities between February 12, 2021 – December 15, 2021, inclusive. For more on the AFRM Lawsuit contact us today.
According to the Affirm Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(i) Affirm’s “buy-now, pay-later” service facilitated excessive consumer debt, regulatory arbitrage, and data harvesting;
(ii) the foregoing subjected Affirm to a heightened risk of regulatory scrutiny and enforcement action; and
(iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Affirm Holdings, Inc. you have until February 6, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
How much did AFRM stock drop?
Shareholders who held Affirm Holdings Inc. securities saw Affirm’s stock price fell $11.74 per share, or 10.58%, to close at $99.24 per share on December 16, 2021.
What does AFRM Do?
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally.
The company’s platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging from one to sixty months.
As of June 30, 2022, the company had approximately 235,000 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence.
Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel and ticketing, apparel, accessories, consumer electronics, and jewelry.
Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.
Which Class Action Attorney Firm Can Help With The AFRM Lawsuit?
Levi & Korsinsky LLP is a Securities Class Action Law Firm. For over 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
If I register do I have to be a Lead Plaintiff?
No, you do not have to be a lead plaintiff if you register. You will receive regular updates of the class action, including, should a settlement be reached, the information of a settlement and how to claim your losses.
Does It Cost Me To Join The AFRM Class Action?
No, there are no out of pocket costs for you to join Affirm Holdings Lawsuit.
What Is the Lead Plaintiff Process?
According to the Private Securities Reform Act of 1995, any investor who bought or acquired AFRM securities in the Class Period may apply for appointment as a lead plaintiff. The lead plaintiff is usually the movant who has the most financial interest in the relief sought. However, he or she must also be typical or adequate to the putative classes. The AFRM class-action lawsuit is directed by the lead plaintiff. To litigate the Affirm Holdings Class Action Lawsuit, the lead plaintiff may choose any law firm it wishes. The ability of an investor to share in any future recovery is not tied to being the lead plaintiff in the Affirm Holdings.
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