Levi & Korsinsky Investigates Potential Securities Law Violations at Pagaya Technologies Ltd.
New York, NY – February 12, 2025
Levi & Korsinsky, a leading securities law firm, announced today that it has commenced an investigation of Pagaya Technologies Ltd. (NYSE: PGY) concerning possible violations of federal securities laws. The investigation focuses on whether the Company and its executives may have issued misleading statements and/or failed to disclose material information to investors.
Background on Pagaya Technologies Ltd.
Pagaya Technologies Ltd. is an Israeli fintech company that operates a data-driven investment platform. The Company uses machine learning and artificial intelligence to analyze credit data and provide investors with access to diversified portfolios of consumer credit securities. Pagaya Technologies Ltd. went public in November 2021 through a SPAC merger with Fortress Value Acquisition Corp.
The Investigation
The investigation by Levi & Korsinsky focuses on several matters, including:
- The Company’s revenue growth and projections
- The adequacy of the Company’s disclosures regarding its business model and financial condition
- The Company’s statements regarding its regulatory compliance
The investigation is ongoing, and Levi & Korsinsky encourages investors who have purchased or otherwise acquired Pagaya Technologies Ltd. securities between November 18, 2021, and the present to contact the firm. The firm reminds investors that they have until April 12, 2025, to apply for lead plaintiff status in this class action.
Impact on Individual Investors
If it is determined that Pagaya Technologies Ltd. and its executives have engaged in securities fraud or other violations of federal securities laws, investors may be able to recover their losses through a securities class action lawsuit. Such a lawsuit could result in significant compensation for investors, including damages and potentially even punitive damages. It is important for investors to stay informed about the investigation and any potential developments.
Impact on the World
The investigation into Pagaya Technologies Ltd. is significant for several reasons. First, it highlights the importance of transparency and accuracy in the financial markets. Companies that issue misleading statements or fail to disclose material information can cause significant harm to investors, and it is essential that they are held accountable for their actions. Second, the investigation underscores the growing importance of artificial intelligence and machine learning in the financial sector. Pagaya Technologies Ltd. is just one of many companies using these technologies to analyze data and make investment decisions. As these technologies become more prevalent, it is essential that they are used ethically and transparently.
Conclusion
The investigation by Levi & Korsinsky into Pagaya Technologies Ltd. is ongoing, and it is important for investors to stay informed about the latest developments. If you have purchased or otherwise acquired Pagaya Technologies Ltd. securities between November 18, 2021, and the present, you may be entitled to compensation. Contact Levi & Korsinsky to discuss your options for recovering your losses.
Regardless of whether you are an investor in Pagaya Technologies Ltd. or not, this investigation serves as a reminder of the importance of transparency and accuracy in the financial markets. It is essential that companies provide investors with complete and accurate information, and that they are held accountable for any misstatements or omissions. By staying informed and working with experienced securities law firms like Levi & Korsinsky, investors can help ensure that the financial markets remain fair and transparent for everyone.
