{"id":5792,"date":"2024-05-07T10:00:00","date_gmt":"2024-05-07T03:00:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/05\/07\/2876287\/0\/en\/AXT-ALERT-Bragar-Eagel-Squire-P-C-Announces-that-a-Class-Action-Lawsuit-Has-Been-Filed-Against-AXT-Inc-and-Encourages-Investors-to-Contact-the-Firm.html2876287"},"modified":"2024-05-07T10:00:00","modified_gmt":"2024-05-07T03:00:00","slug":"axt-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-axt-inc-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/axt-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-axt-inc-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"AXT ALERT: Bragar Eagel &amp; Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against AXT, Inc. and Encourages Investors to Contact the Firm"},"content":{"rendered":"\n<p align=\"justify\">NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against AXT, Inc. (\u201cAXT\u201d or the \u201cCompany\u201d) (NASDAQ: AXTI) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired AXT securities between March 24, 2021 and April 3, 2024, both dates inclusive (the \u201cClass Period\u201d). Investors have until July 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">Click <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KvLyTLUlJa-ooGMDLAfW4mrulsUGTLvTtXuX7dily7pf54lF4ivvmpZC679d1fOXIRZsnRX-LxP1vEtvl_3hCw==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"here\">here<\/a> to participate in the action.<\/p>\n<p align=\"justify\">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) the Company 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\u2019s production declined in 2023; and (5) as a result, Defendants\u2019 statements about its business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis at all times.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired AXT shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u1DJzNOdqgTyJh7BfSPFF0CkwEOUFwypJliBcp1Vy1giuh2E7sN9R6FqFGv5qBS3cd4T2qxq37MRKOnGPBMXhv-wnDa2zmgkfBnny_Zhd_Y=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investigations@bespc.com\">investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZBrQB1AqLTzQAim8C01H2-7QXOKs2y_wFmexREucbXKcULcmku27V4qYcs0SHDhiKqUMLWHExTVr6Z0tZiSujZoitWB8wT8LXYuF-XazbObsfxklV0Qg_0aBS1fSlxzU\" rel=\"nofollow noopener\" target=\"_blank\" title=\"filling out this contact form\">filling out this contact form<\/a>. There is no cost or obligation to you.<\/p>\n<p><strong>About Bragar Eagel &amp; Squire, P.C.:<\/strong><\/p>\n<p align=\"justify\">Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iVjEWsnsJJAxYh57Y6Atoo3LWpY1f_IcZGf8MawR56ZQS6-C4Qe2KoTQZJiHccegMdeJpZT7gMKq1nC0IElOwg==\" rel=\"nofollow noopener\" target=\"_blank\" title><u>www.bespc.com<\/u><\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p><strong>Contact Information:<\/strong><\/p>\n<p>Bragar Eagel &amp; Squire, P.C.<br \/>Brandon Walker, Esq.<\/p>\n<p align=\"justify\">Marion Passmore, Esq.<br \/>(212) 355-4648<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u1DJzNOdqgTyJh7BfSPFF0CkwEOUFwypJliBcp1Vy1iskV3vxWWcLQ1vjWGiKjqrG66z_8Of66ZS-HyLruIICdW4zjc7wcTH6A_U5Npk5CQ=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>investigations@bespc.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iVjEWsnsJJAxYh57Y6AtoqnxP-hXq53rAWudqj-hctRUUJ1onAt5yJRwvIv2BCkWpWO8QVnUWbZwwTDsCA7gSA==\" rel=\"nofollow noopener\" target=\"_blank\" title><u>www.bespc.com<\/u><\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWFjZWU1YzQtZDhjMS00NjcwLWIzMmUtN2FlODdhMjUxZTUyLTExMTE5Njk=\/tiny\/Bragar-Eagel-Squire.png\" referrerpolicy=\"no-referrer-when-downgrade\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against AXT, Inc. (\u201cAXT\u201d or the \u201cCompany\u201d) (NASDAQ: AXTI) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired AXT securities between March 24, 2021 and April 3, 2024, both dates inclusive (the \u201cClass Period\u201d). Investors&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-5792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AXT ALERT: Bragar Eagel &amp; Squire, P.C. 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