SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ:LUNA) investors who suffered substantial losses to submit your losses now.
Current Class Period: Aug. 11, 2023 – Mar. 25, 2024
Lead Plaintiff Deadline: May 31, 2024
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Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:
On Apr. 19, 2024, shares in Luna Innovations crashed after the fiber optics company revealed that its anticipated restatement of prior financial statements has expanded to now cover all of 2022 in addition to the first quarter of 2023, as a result of accounting errors.
The bombshell dropped after Luna's Audit Committee, with the help of external advisors, unearthed critical errors in how the company recognized revenue in financial filings dating back to Mar. 31, 2022. Luna says these accounting errors resulted in misstated financial results and that previously issued reports, press releases, and any communication regarding the affected periods ...