Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ:PGY) for potential violations of federal securities laws.
Investing.com reported that Pagaya stock “. . . shares fell 6% following a short report from Iceberg Research that criticized the fintech company’s financial practices and management history. Iceberg Research publicly announced its short position, claiming that Pagaya has used third-party funds to hide significant losses.”
The Iceberg Research report, according to Investing.com “. . . detailed how Pagaya underwrites consumer loans that were originally rejected by its partners due to high risk. It then sells the majority of these loans through asset-backed securities (ABS) to institutional investors. Iceberg Research highlighted a pattern of questionable management decisions and potential conflicts of interest, pointing to the involvement of Pagaya’s CTO Avital Pardo in a previously collapsed company and President Sanjiv Das’s history of overlooking misconduct.”
Shares of Pagaya stock were down more than 11% during intraday trading on February 11, 2025.
Pagaya Technologies Investors May Have Legal Claims
Investors of Pagaya Technologies stock are encouraged to send us a message or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], to learn more about the Pagaya Technologies securities class action investigation and receive a free, no-obligation evaluation of potential legal claims.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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