Affirm Holdings Class Action Lawsuit

If you purchased Affirm shares after the Affirm Tweet, call an Affirm Lawyer about an Affirm Class Action Lawsuit

Company Name:     Affirm Holdings, Inc.
Stock Symbol:         AFRM
Class Period:           February 10, 2022 to February 10, 2022
Motion Deadline:    April 29, 2022
Court:                       Northern District of California

Investor Who Suffered Losses in Affirm Holdings Stock Files Affirm Class Action Lawsuit

Call an Affirm Lawyer today about an Affirm Class Action Lawsuit if you suffered losses in Affirm stock

Holdings Brought by an investor who suffered losses in Affirm stock, the Affirm Holdings class action lawsuit seeks to represent purchasers of Affirm Holdings, Inc. (NASDAQ: AFRM) securities on February 10, 2022 after Affirm sent a tweet concerning its second quarter 2022 financial results at approximately 1:15 p.m. EST (the “Class Period”) and charges Affirm and its top executive officer with violations of the Securities Exchange Act of 1934.  The Affirm class action lawsuit was commenced on February 28, 2022 in the Northern District of California and is captioned Toole v. Affirm Holdings, Inc., No. 22-cv-01243. Call Affirm Lawyer Timothy L. Miles if you gave questions about the Affirm  ​class action lawsuit.

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The Affirm Tweet Leads to the Affirm Class Action Lawsuit

The Affirm Tweet leads to an Affirm Class Action Lawsuit. Call an Affirm Lawyer today if you suffered losses in Affirm stock

​Affirm purports to be a “next generation platform for digital and mobile-first commerce.”  At approximately 1:15 p.m. EST on February 10, 2022, Affirm issued a tweet from its official account in which Affirm disclosed certain metrics from its second quarter 2022 financial results.  The Affirm tweet, which was published prior to Affirm’s planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. 

As the Affirm class action lawsuit alleges, the Affirm tweet caused Affirm’s share price to spike nearly 10% in intra-day trading.  The Affirm class action lawsuit further alleges that the afirm tweet was materially misleading, in that it omitted to disclose the full details of Affirm’s second quarter financial results.

Affirm deleted the tweet and released its full second quarter financial results ahead of schedule.  The full financial results were lackluster – with Affirm posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.  On news of the deleted tweet and subsequent release of the full earnings, Affirm’s share price fell $24.89 per share from an intra-day high of $83.57 per share to close at $58.68 per share on February 10, 2022, or approximately 32%, damaging investors as they suffered losses in Affirm stock. If you suffered losses in Affirm stock, call an Affirm Lawyer today about the Affirm class action lawsuit.

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The Lead Plaintiff Process

​The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Affirm securities during the Class Period and suffered losses in Affim stock to seek appointment as lead plaintiff in the Affirm class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Affirm stock and have questions about being a lead plaintiff, contact an Affirm Lawyer today an Affirm Class Action Lawsuit.

How Can an Affirm Lawyer Help Me?

An Affitm Lawyer is well-versed in the complex laws that govern the securities industry and litigation including the Affirn Class Action Lawsuit.  An Affirim Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals.  Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.  While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct, such as an Affirm Lawyer who will work to recover the losses you sustained and other class members who suffered losses in Affim stock in an Affirm Class Action Lawsuit.

Contact an Affirm Lawyer about an Affirm Class Action Lawsuit

If you suffered losses in Affirm stock, call an Affirm Lawyer about an Affirm Holdings Class Action Lawsuit

​​We have extensive experience in securities fraud class and other class actions.  If you suffered losses in Affirm stock, fill out our case-evaluation form right away and see what an Affirm Lawyer can do for you and if you have a case for compensation in the Affirm Class Action Lawsuit. ​

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​CONTACT US TODAY FOR A FREE AFFIRM
CLASS ACTION LAWSUIT CASE EVALUATION

ATTENTION AFFIRM SHAREHOLDERS
If you suffered losses in Affirm stock call an Affirm Lawyer​
​for free about an Affirm class action lawsuit Today. We are here to help.

​AFFIRM LAWYER
Affirm Class Action Lawsuit
(855) Tim-MLaw (855-846-6529)
tmiles@timmileslaw.com
Call Affirm Lawyer Timothy L. Miles about an Affirm Class Action Lawsuit

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TENNESSEE ​CLASS ACTION LAW FIRM
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