New York, NY–(Newsfile Corp. – December 23, 2024)- why: Rosen Law Firm, a global investor rights law firm, has announced that the securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) will be sold between November 11, 2022 and September 30, 2024 (the “Class Period”). important information to the buyer December 31, 2024 Lead Plaintiff Deadline In the first securities class action lawsuit filed by the Company.
so what: If you purchased Flux Power Securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs to you through a contingency fee structure.
What to do next: To join the Flux Power class action, go to https://rosenlegal.com/submit-form/?case_id=28783 or call Phillip Kim. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you want to be the lead plaintiff, you need to move courts Until December 31, 2024 at the latest. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why choose Rosen Law: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Many of these firms do not actually file securities class action lawsuits, but are merely intermediaries who refer clients or work with law firms that actually litigate the cases. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement at the time against a Chinese company. Rosen Law Firm Ranked #1 in ISS Securities Class action (WA:) 2017 Securities Class Action Settlement Service. The company has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million from investors. In 2020, founding partner Lawrence Rosen was named a Titan of Plaintiffs’ Lawyers by Law360. Many of our attorneys are recognized by Lawdragon and Super Lawyers.
Incident details: According to the Complaint, Defendants made materially false and/or misleading statements throughout the Class Period and/or failed to disclose that: (1) Flux from November 10, 2022 to the present; Power’s financial statements included, among other things, inflated inventories. Gross profit, current assets, total assets. (2) Flux Power underestimated cost of goods sold and net loss. (3) As a result, Flux Power will be required to restate its previously filed financial statements from November 10, 2022 to the present. (4) Flux Power downplayed internal control weaknesses or stated that it had adequate internal controls when in fact there were insufficient internal controls; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims investors suffered damages.
To join the Flux Power class action, go to https://rosenlegal.com/submit-form/?case_id=28783 and call Phillip Kim. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action.
There are no certified classes. Until a class is certified, you are not represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain absent and do nothing at this point. An investor’s ability to share in any potential future recovery is independent of whether he or she serves as lead plaintiff.
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