INVZ - INVZ Stockholders: Robbins LLP Reminds INVZ Stockholders of Pending Lead Plaintiff Deadline in Class Action Against the Company | Benzinga
SAN DIEGO, April 26, 2024 (GLOBE NEWSWIRE) --
Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired shares of Innoviz Technologies Ltd. (NASDAQ:INVZ, INVZW)) between April 21, 2021 and February 28 2023. 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.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating the Allegations that Innoviz Technologies Ltd. Misled Investors Regarding the Profitability of its Purported Contracts
According to the complaint, during the class period, defendants failed to disclose that (i) Innoviz had overstated the benefits that the Company was likely to derive from its purported contracts, partnerships, and/or collaborations with automotive companies, and (ii) as a result, the Company was unlikely to achieve the level of profitability that ...