Pagaya Technologies .(PGY) Prnewswire·2025-02-18 23:17Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Pagaya Technologies Ltd, following allegations from Iceberg Research regarding misleading financial disclosures and risky business maneuvers [1][2]. Group 1: Investigation and Allegations - Pomerantz LLP is representing investors of Pagaya Technologies Ltd in an investigation concerning possible securities fraud and misconduct by the company's officers and directors [1]. - Iceberg Research published a report on February 11, 2025, alleging that Pagaya misled investors about its financial health and risk exposure, specifically claiming that the company used investor funds to absorb high-risk loan tranches, which contradicted its public statements about risk distribution [2]. - The report also accused Pagaya of engaging in questionable financial practices to inflate fees and conceal impairments [2]. Group 2: Market Reaction - Following the release of the Iceberg report, Pagaya's stock price experienced a significant decline, falling by 11.31 per share on February 11, 2025 [3].