NEW YORK, Oct. 31, 2017 /PRNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether certain officers and directors of Axon Enterprise, Inc. ("Axon" or the "Company") (AAXN) breached their fiduciary duties owed to the Company and its shareholders. If you are an Axon shareholder, you are encouraged to contact Scott+Scott for additional information.
Axon, which changed its name in April from Taser International Inc., is a market leader in the development, manufacture and sale of conducted electrical weapons ("CEWs") designed for use by law enforcement, corrections, military forces, private security personnel and by private individuals for personal defense.
On August 10, 2017, the Company received a letter from the U.S. Securities and Exchange Commission ("SEC") asking for information about Axon's 2016 financial report and its quarterly report for the period ending March 31, 2017. Specifically, the letter sought details about the Company's revenue recognition practices and an increase in its backlog.
On September 20, 2017, the SEC wrote its third letter to Axon's Chief Financial Officer stating that its inquiries were "outstanding and unresolved," adding further, "as you have not provided a substantive response, we are terminating our review and will take further steps as we deem appropriate."
On October 25, 2017, the Company finally responded to the August 10, 2017 SEC letter.
What You Can Do
If you are an Axon shareholder, you may have legal claims against Axon's officers and directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982, or at firstname.lastname@example.org.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.