LUNA shareholders should contact Robbins LLP for information regarding’s Luna Innovations Incorporated class action lawsuit

SAN DIEGO, May 01, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that shareholders are filing a class action lawsuit on behalf of all individuals and entities that purchased or otherwise acquired Luna Innovations (Nasdaq: ) Incorporated (Nasdaq: LUNA) will be available from August 11, 2023 to March 25, 2024. It produces products targeting the aerospace, automotive and communications industries, among others.

For more information, submit a form, email attorney Aaron Dumas, Jr., or call (800) 350-6003.

Allegation: Robbins LLP is investigating allegations that Luna Innovations Incorporated (LUNA) lacked adequate internal controls

The complaint alleges that during the class action period, the defendants failed to disclose that: (1) Luna Innovations’ financial statements from August 10, 2023 to the present contained false data due to improper revenue recognition; (2) Therefore, Luna Innovations was required to restate previously submitted financial statements. Financial statements from August 10, 2023 to November 14, 2023; (3) Luna Innovations lacks adequate internal controls. When the truth was revealed, Luna Innovations' stock price fell, hurting investors.

What should we do now: You may be eligible to participate in a class action lawsuit against Luna Innovations Incorporated. Shareholders who want to serve as class plaintiffs must file documents with the court by May 31, 2024. You do not have to be involved in the case to be eligible for compensation. If you choose to take no action, you may remain absent from the Class.For more information please click here.

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All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins Law Firm: Some law firms that issued press releases on the matter did not actually file securities class action lawsuits; Robbins Law Firm did. As a recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been helping shareholders recover losses, improve corporate governance structures and hold corporate executives accountable for misconduct since 2002. More than $1 billion in compensation for shareholders.

To be notified when a settlement is reached in the class action lawsuit against Luna Innovations Incorporated, or to receive free alerts when a company executive engages in misconduct, sign up Stock Watch today.

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