(Photo: Ryland West/ALM) 'Buy Now, Pay Later' Company Affirm Hit With Shareholder Derivative Suit
This case was first surfaced by Law.com Radar.
May 25, 2023 at 03:37 PM
3 minute read
A large group of Affirm Holdings' directors and executives were slapped with a federal suit in the Northern DIstrict of California in a shareholder derivative complaint this week, which claims that the finance company did not disclose adverse facts about their business to its shareholders, including massive debt and regulatory and data concerns.
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