ATLANTA, April 05, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether AXT, Inc. (“AXT” or the “Company”) (NASDAQ: AXTI) complied with federal securities laws. On April 4, 2024, J Capital Research published a report alleging, among other things, that AXT conducts most of its business operations through a subsidiary in China, that AXT wants to list that subsidiary in China but the IPO apparently has been blocked by Chinese regulators, and that J Capital Research has “uncovered a deluge of reasons why Chinese regulators potentially blocked this IPO, including falsifying data, tax evasion, improper storage of hazardous chemicals, suspicious related-party transactions, IP litigation, and defaulting on wages to employees.” Following this news, the price of the Company’s stock dropped.
If you purchased AXT stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/axt/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
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Corey Holzer, Esq.
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cholzer@holzerlaw.com
