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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Affirm Holdings, Inc. - AFRM

1. Pomerantz LLP is investigating claims for Affirm investors. 2. Claims involve potential securities fraud and unlawful practices. 3. Klarna replaced Affirm as Walmart's BNPL provider, impacting stock price. 4. Affirm's stock fell 12.74% after the announcement. 5. Investor class action participation is being solicited.

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FAQ

Why Bearish?

The replacement of Affirm by Klarna for Walmart's BNPL significantly undermines Affirm's market position, leading to a drastic drop in stock price, a signal of investor loss of confidence. This parallels historical examples where loss of major partnerships drastically affected fintech companies, such as when LendingClub faced similar issues affecting their valuations.

How important is it?

The investigation into Affirm’s practices can lead to legal repercussions, impacting investor trust and stock value. The shift in BNPL partnerships affects Affirm's competitive advantage directly linked to its revenue streams.

Why Short Term?

The immediate fallout from the Klarna announcement will likely lead to further volatility in Affirm’s stock. Additionally, ongoing investigations into possible securities fraud may yield short-term uncertainties.

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KLARLC
NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Affirm Holdings, Inc. (“Affirm” or the “Company”) (NASDAQ: AFRM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Affirm and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On March 17, 2025, the fintech company Klarna, in advance of its initial public offering in the U.S., announced that it was replacing Affirm as the exclusive provider of Buy Now, Pay Later (“BNPL”) loans for Walmart. On this news, Affirm’s stock price fell $6.38 per share, or 12.74%, over the following two trading sessions, to close at $43.70 per share on March 18, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980   

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