Affirm Holdings, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit with an extended class period has been filed in the United States District Court for the Northern District of California against Affirm Holdings, Inc.
LEAD Plaintiff Deadline is APRIL 29, 2022
NEW YORK (ClassActionDaily) Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors who purchased Affirm Holdings, Inc. (“Affirm” or the “Company”) (NASDAQ: AFRM) between February 12, 2021, and February 10, 2022, both dates inclusive (the “Class Period”).
All investors who purchased the shares of Affirm Holdings, Inc. and incurred losses are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in Affirm Holdings, Inc. you may, no later than April 29, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Affirm Holdings, Inc.
The filed Complaint alleges that on February 10, 2022, at approximately 1:15 PM EST, the Company tweeted from its official Twitter account, disclosing certain metrics from its Second Quarter 2022 financial results. The tweet, which was published prior to the Company’s planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. This caused the Company’s share price to spike nearly 10% in intra-day trading.
The tweet was materially misleading, in that it omitted to disclose the full details of the Company’s second-quarter financial results. The Company deleted the tweet and released its full second-quarter financial results ahead of schedule. The full financial results were lackluster – with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share. On this news, the Company’s share price plummeted from an intra-day high of $83.57 per share to close at $58.68 per share.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago, and San Diego. The reputation and expertise of this firm in shareholder and other class litigation have been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.