RM LAW, P.C. has commenced an investigation into potential securities law violations by certain officers of Axon Enterprise, Inc. (“Axon” or the “Company”) (NASDAQ: AAXN).
If you purchased shares of Axon and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
On October 19, 2017, Axon announced during aftermarket hours that the U.S. Securities and Exchange Commission (“SEC”) is reviewing its financial statements. Specifically, the SEC issued three letters in August and September seeking additional information relating to Axon’s Form 10-K for the year ended December 31, 2016 and Form 10-Q for the quarter ended March 31, 2017. In the SEC’s third letter dated September 20, 2017, it stated its inquiries remained “outstanding and unresolved, and absent a substantive response, we would act consistent with our obligations under the federal securities laws.” On this news, shares of Axon fell $1.61 per share or over 6% to close at $23.01 per share on October 20, 2017.