| Company: | AXT, Inc. |
| Ticker Symbol: | NYSE: AXTI |
| Class Period: | February 6, 2001 to April 27, 2004 |
| Date Filed: | Nov-01-04 |
| Lead Plaintiff Deadline: | Dec-14-04 |
| Court: | Northern District, CA |
| Allegations: |
A lawsuit seeking class action status has been filed in the United States District Court for the Northern District of California on behalf of all persons (the "Class") who purchased the securities of AXT, Inc. ("AXTI") (NYSE: AXTI - News; "AXT" or the "Company") during the period between February 6, 2001 and April 27, 2004 (the "Class Period").
The Complaint alleges that, during the Class Period, the Company violated Sections 10(b) and 20(a) of the Securities Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the Complaint alleges that, as part of its ongoing efforts to create and continue the illusion of AXT's growth in the semiconductor industry, it knowingly or recklessly issued and/or participated in the issuance of materially false and misleading statements and financial information. The Complaint also alleges that, during the Class Period, AXT did not follow the specific requirements for the testing of products, and, as a result of this misconduct, failed to accrue adequate reserves, falsely stated its reports, reserves, revenue and income, and falsely represented that the Company was meeting customer requirements.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The Complaint alleges that, during the Class Period, the Company violated Sections 10(b) and 20(a) of the Securities Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the Complaint alleges that, as part of its ongoing efforts to create and continue the illusion of AXT's growth in the semiconductor industry, it knowingly or recklessly issued and/or participated in the issuance of materially false and misleading statements and financial information. The Complaint also alleges that, during the Class Period, AXT did not follow the specific requirements for the testing of products, and, as a result of this misconduct, failed to accrue adequate reserves, falsely stated its reports, reserves, revenue and income, and falsely represented that the Company was meeting customer requirements.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
