Pagaya Technologies Ltd. (PGY)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Pagaya Technologies Ltd. (“Pagaya” or “the Company”) (NASDAQ: PGY). Investors who purchased Pagaya securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Pagaya has violated federal securities laws.
Investigation Details
On February 11, 2025, Iceberg Research (“Iceberg”) published a report alleging that Pagaya misled investors about its financial health and exposure to risk. The Iceberg report asserts, among other things, that Pagaya used investor funds to absorb high-risk loan tranches, contradicting the Company’s public claims about risk distribution, and engaged in questionable financial maneuvers to inflate fees and attempt to mask impairments. On this news, Pagaya’s stock price fell $1.70 per share, or 13.07%, to close at $11.31 per share on February 11, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Pagaya securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]