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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AXT, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

  • Written by Newsfile

May 28, 2024 1:23 PM EDT | Source: The Rosen Law Firm PA[1]

New York, New York--(Newsfile Corp. - May 28, 2024) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of AXT, Inc. (NASDAQ: AXTI) between March 24, 2021 and April 3, 2024, both dates inclusive (the "Class Period"), of the important July 5, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased AXT securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the AXT, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=24168[2] or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com[3] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: 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.

To join the AXT, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=24168[4] or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com[5] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm[6] or on Twitter: https://twitter.com/rosen_firm[7] or on Facebook: https://www.facebook.com/rosenlawfirm[8].

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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

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Contact Information:

Laurence Rosen, Esq.Phillip Kim, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827case@rosenlegal.com www.rosenlegal.com[9][10]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210783[11]

SOURCE: The Rosen Law Firm PA[12]

References

  1. ^ The Rosen Law Firm PA (www.newsfilecorp.com)
  2. ^ https://rosenlegal.com/submit-form/?case_id=24168 (api.newsfilecorp.com)
  3. ^ case@rosenlegal.com (www.newsfilecorp.com)
  4. ^ https://rosenlegal.com/submit-form/?case_id=24168 (api.newsfilecorp.com)
  5. ^ case@rosenlegal.com (www.newsfilecorp.com)
  6. ^ https://www.linkedin.com/company/the-rosen-law-firm (api.newsfilecorp.com)
  7. ^ https://twitter.com/rosen_firm (api.newsfilecorp.com)
  8. ^ https://www.facebook.com/rosenlawfirm (api.newsfilecorp.com)
  9. ^ case@rosenlegal.com (www.newsfilecorp.com)
  10. ^ www.rosenlegal.com (api.newsfilecorp.com)
  11. ^ https://www.newsfilecorp.com/release/210783 (api.newsfilecorp.com)
  12. ^ The Rosen Law Firm PA (www.newsfilecorp.com)

Read more https://www.newsfilecorp.com/release/210783/ROSEN-GLOBAL-INVESTOR-COUNSEL-Encourages-AXT-Inc.-Investors-to-Secure-Counsel-Before-Important-Deadline-in-Securities-Class-Action-AXTI