INVZ - INVZ INVESTOR ALERT: Bronstein Gewirtz & Grossman LLC Announces that Innoviz Technologies Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit! | Benzinga
NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Innoviz Technologies Ltd. ("Innoviz" or "the Company") (NASDAQ:INVZ) and certain of its officers.
Class Definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Innoviz securities between April 21, 2021 and February 28, 2023, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/INVZ.
Case Details:
Innoviz designs and manufactures solid-state light detection and ranging, or "LiDAR", sensors and develops perception software that purportedly enables the mass production of autonomous vehicles. The Company operates in Europe, Asia Pacific, the Middle East, Africa, and North America.
Shortly after Innoviz began publicly trading on the Nasdaq Stock Market ("NASDAQ") in April 2021, the Company represented that it had entered into multiple contracts, partnerships, and/or collaborations with several noteworthy automotive original equipment manufacturers ("OEMs") throughout the world. These relationships, the Company claimed, would purportedly "uniquely position" Innoviz to make autonomous driving a commercial reality, and could be "leveraged to penetrate and partner with other OEMs customers and Tier-1 suppliers."
For example, Innoviz touted that the Company's "intense sustained cooperation with BMW [. ...