LTRX - Holzer & Holzer LLC Files Class Action Lawsuit on Behalf of Lantronix Inc. (LTRX) Investors – Nationally Ranked Investors' Rights Firm Encourages Investors With Significant Losses to Contact the Firm | Benzinga

ATLANTA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC has filed a shareholder class action lawsuit against Lantronix, Inc. ("Lantronix" or the "Company") (NASDAQ:LTRX). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and prospects, including allegations that (i) Lantronix overstated demand and/or its visibility into demand for its IoT products; (ii) Lantronix's customers were reducing elevated levels of inventory of IoT products, thereby causing a general slowdown in the Company's business; (iii) certain of Lantronix's embedded IoT revenues expected from a customer design win were ...

LTRX) Investors – Nationally Ranked Investors' Rights Firm Encourages Investors With Significant Losses to Contact the Firm>Full story available on Benzinga.com