Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating potential violations of the federal securities laws by Affirm Holdings, Inc. ("Affirm" or "the Company") (NASDAQ:AFRM).
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Affirm is the subject of an inquiry by the Consumer Financial Protection Bureau (the "CFPB") focusing on the Company's "buy-now, pay-later" ("BNPL") service. The CFPB has expressed concerns about "accumulating debt, regulatory arbitrage, and data harvesting" associated with BNPL products. Based on this news, shares of Affirm dropped by 10.6%.
Further, on Thursday, February 10, 2022, Affirm stock dropped 21% to a share price of $58.68 after the Company reported second-quarter results ahead of schedule showing a 77% gain in revenue and a net loss that widened from a year earlier.
If you currently own stock or options in Affirm Holdings, Inc. and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at email@example.com.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
David J. Schwartz