INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pagaya Technologies Ltd. - PGY

NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ: PGY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Pagaya 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 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.

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 Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-pagaya-technologies-ltd---pgy-302385027.html

SOURCE Pomerantz LLP