SAN FRANCISCO, May 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman announces that the firm has filed a new class action lawsuit against Luna Innovations Incorporated (NASDAQ:LUNA) and certain of its senior executives.
Hagens Berman therefore urges investors who suffered substantial losses on purchases of Luna securities during the Extended Class Period and who wish to serve as lead plaintiff of the Luna litigation to contact Hagens Berman now.
Extended Alleged Class Period: May 16, 2022 – Apr. 19, 2024
Lead Plaintiff Deadline: May 31, 2024
Website: www.hbsslaw.com/investor-fraud/LUNA
Contact Email: LUNA@hbsslaw.com Phone: 844-916-0895
Hagens Berman's New LUNA Securities Class Action Alleging Extended Class Period:
CASE ALLEGATIONS: The new Luna class action lawsuit alleges that defendants throughout the Extended Class Period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) Luna's financial statements dating back to May 16, 2022 through and including November 14, 2023 contained unearned revenues that should not have been recognized; (2) Luna would need to restate financial statements that it filed during May 16, 2022 through and including November 14, 2023; (3) Luna's disclosure controls and procedures did not provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes ...
LUNA) Faces Extended Class Period After Admitting to Improper Revenue Recognition Going Back to Q122 – Hagens Berman>Full story available on Benzinga.com