Recent Security Class Actions

Innoviz Technologies Ltd. Ordinary shares (NASDAQ: INVZ)

Company Name:Innoviz Technologies Ltd. Ordinary shares
Stock Symbol:NASDAQ: INVZ
Class Period Start:04/21/2021
Class Period End (inclusive):02/28/2023
Filing Deadline:05/14/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Innoviz had overstated the benefits that the Company was likely to derive from its purported contracts, partnerships, and/or collaborations with automotive companies; (ii) as a result, the Company was unlikely to achieve the level of profitability that Defendants had represented to investors; (iii) accordingly, Innoviz had overstated its business and/or financial prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.