AXTI investors have the opportunity to lead the AXT, Inc. process. in a securities fraud case

NEW YORK, June 29, 2024 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder has filed a class action lawsuit on behalf of purchasers of the securities of AXT, Inc. (NASDAQ: AXTI) March 24, 2021 AND April 3, 2024. Shareholders who wish to serve as lead plaintiff in the class must file their motions with the court by July 5, 2024.

To join the AXT, Inc. class action lawsuit, go to Phillip Kim, Esq. toll free 866-767-3653 or email (email protected).

Rosen Law Firm is investigating allegations that AXT, Inc. (NASDAQ: AXTI) misled investors about its business activities.

According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) AXT, Inc. overstated the value of its assets; (2) AXT, Inc. failed to disclose that the attempt to list a subsidiary of AXT, Inc. on the stock exchange China apparently he failed; (3) AXT, Inc. routinely engages in environmental violations and unsafe business practices; (4) AXT production decreased in 2023; and (5) as a result, defendants’ statements about its business, operations and prospects were materially false and misleading and/or at all times lacked a reasonable basis. When the real data hit the market, the lawsuit claimed that investors had suffered damages.

What Now: You may be eligible to join the AXT, Inc. class action lawsuit. The deadline to request appointment as lead plaintiff is July 5, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for compensation. If you choose not to take any action, you may remain an absent class member. For more information, go to

All representation is on a contingency fee basis. Shareholders incur no fees or expenses.

Lawyer Advertising. Previous results do not guarantee a similar outcome.

Contact info:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40^vol Floor
New YorkNew York 10016
Tel: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com

SOURCE ROSEN LAW OFFICE, PA