Recent Security Class Actions

Luna Innovations Incorporated Common Stock (NASDAQ: LUNA)

Company Name:Luna Innovations Incorporated Common Stock
Stock Symbol:NASDAQ: LUNA
Class Period Start:05/16/2022
Class Period End (inclusive):04/19/2024
Filing Deadline:05/31/2024

The Complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Luna Innovations financial statements from August 10, 2023 to the present included false figures as a result of improper revenue recognition; (2) as a result, Luna Innovations would need to restate its previously filed financial statements from August 10, 2023 to November 14, 2023; (3) Luna Innovations lacked adequate internal controls; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.