SAN FRANCISCO, April 18, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ:LUNA) investors who suffered substantial losses to submit your losses now.
Class Period: Aug. 11, 2023 – Mar. 25, 2024
Lead Plaintiff Deadline: May 31, 2024
Visit: www.hbsslaw.com/investor-fraud/LUNA | 844-916-0895
Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:
On Apr. 8, 2024, Luna Innovations Inc. disclosed that the company was in danger of losing its listing on Nasdaq as a result of Luna's failure to timely file its 2023 Annual Report with the SEC.
The disclosure relates back to company's announcement on Mar. 12, 2024, when Luna revealed that it was indefinitely delaying its fourth quarter and annual reports as a result of having reported revenues during Q2 and Q3 2023 "that did not qualify for revenue recognition under [GAAP]."
Just weeks later, on Mar. 25, 2024, Luna's president and CEO, Scott Graeff, ...