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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180302005721/en/
Contacts:
Jake Zamansky, 212-742-1414
jake@zamansky.com
