Luna Innovations Incorporated sued over securities law

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP informs investors in Luna Innovations Incorporated (“Luna Innovations” or the “Company”) (NASDAQ: LUNA) of a securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Luna Innovations investors who were adversely affected by alleged securities fraud between May 16, 2022 and April 19, 2024. For more information and to be contacted by a member of our team, follow the link below:

Luna Innovations Lawsuit Submission Form

LUNA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that Defendants made false statements and/or concealed that: (1) Luna Innovations’ financial statements from August 10, 2023 to date contained false figures due to improper revenue recognition; (2) as a result, Luna Innovations would have to restate its previously filed August 10, 2023 to November 14, 2023 financial statements; (3) Luna Innovations lacked adequate internal controls; and (4) as a result, Defendants’ statements about its business, operations, and prospects were at all times materially false and misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss at Luna Innovations during the relevant period, you have up to May 31, 2024 to request the court to appoint you as lead plaintiff. Your ability to share in any recovery does not require you to serve as lead plaintiff.

NO COST TO YOU: If you are a member of a class, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There are no costs or obligations associated with participation.

WHY LEVI & KORSINSKY: Over the past two decades, the Levi & Korsinsky team has secured hundreds of millions of dollars for injured shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and has a team of more than 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities law firms in the United States.

Levi & Korsinski, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171

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