Zamansky LLC Investigates Axon Enterprise (NASDAQ: AAXN) for Potential Breaches of Fiduciary Duties to Shareholders
March 02 2018 - 4:35PM
Business Wire
Zamansky LLC announces that it is investigating Axon Enterprise
Inc. (NASDAQ:AAXN) (“Axon”) for potential breaches of fiduciary
duties to shareholders. Axon, formerly known as Taser
International, is a manufacturer of electrical weapons and body
cameras which it sells to local law enforcement departments. If you
are a shareholder of Axon, please contact our firm for
information.
On October 19, 2017, Axon disclosed that it had received a
letter of inquiry from the SEC relating to the review of its annual
and quarterly reports. The previous day SeekingAlpha published a
negative research report by Aparecium Research which raised
numerous questions about Axon’s alleged accounting and business
practices. The research report raised issues over whether Axon had
allegedly inflated and overstated its revenues by improperly
recognizing revenue upfront while deferring associated costs.
Axon’s stock was damaged by these allegations.
According to Jake Zamansky, investment fraud attorney, Axon’s
corporate officers and directors owe their shareholders fiduciary
duties. The SEC letter and research report raised issues of
potential concern for investors, Zamansky says. Our law firm is
investigating whether the officers and directors breached their
duties to shareholders.
What Axon Shareholders Can Do
If you are a current shareholder of Axon who purchased before
February 2016, and who still holds stock, please contact us to
review or discuss your legal rights without obligation or cost to
you. Please email jake@zamansky.com or call the law firm at (212)
742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling shareholder derivative actions, and securities,
hedge fund, ERISA and shareholder class action litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180302005721/en/
Zamansky LLCJake Zamansky, 212-742-1414jake@zamansky.com
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