NEW YORK, June 20, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Axiom Holdings, Inc. ("Axiom" or the "Company") (OTCMKTS: AIOM). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Axiom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 19, 2017, Axiom disclosed that the Company had identified discrepancies related to prior news announcements in response to a subpoena from the U.S. Securities and Exchange Commission. Specifically, Axiom disclosed: (1) issues relating to the propriety of Axiom's December 2016 share exchange with CJC Holdings, Ltd. ("CJC"), under which Axiom acquired all of CJC's outstanding shares; and (2) that the purported Chief Executive Officer of CJC, who signed the share exchange agreement in December 2016, had actually resigned from that role a month earlier.
On this news, Axiom's share price has fallen as much as $0.21, or 23.08%, during intraday trading on June 20, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP