LOS ANGELES, Aug. 18, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Axiom Holdings, Inc. ("Axiom" or the "Company") (Other OTC: AIOM) for violations of federal securities laws.
Investors who purchased the Company's shares between October 14, 2016 and June 19, 2017, inclusive (the "Class Period"), are encouraged to contact the firm by August 21, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Axiom made false and/or misleading statements, and/or failed to disclose material information, to investors. On June 19, 2017, the Company disclosed that it identified discrepancies related to prior news announcements in response to a subpoena from the U.S. Securities & Exchange Commission. Specifically, Axiom disclosed issues relating to the propriety of its December 2016 share exchange with CJC Holdings, Ltd. ("CJC"), under which Axiom acquired all of CJC's outstanding shares; and that the purported CEO of CJC, who signed the share exchange agreement in December 2016, had actually resigned from that role in November 2016. The next day, the Company announced that "it now appears the merger was never completed" and advised investors that it would rescind the shares that were issued to the CJC shareholders in connection with the merger. Following this news, Axiom's stock price dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE Goldberg Law PC