New York, New York–(Newsfile Corp. – December 14, 2024)– Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022 and September 30, 2024, inclusive of both dates (the “Class Period”). December 31, 2024 Lead Plaintiff Deadline In the securities class action lawsuit filed by the company for the first time.
so what: If you purchase Flux Power securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Flux Power class action, go to https://rosenlegal.com/submit-form/?case_id=28783 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than December 31, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these firms do not actually file securities class actions, but are merely brokers who refer clients or partner with the law firms that actually file the lawsuits. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Flux Power's financial statements from November 10, 2022 to the present included, among other things, inventory Gross profit, current assets and total assets are overstated; (2) lower cost of sales and net loss; (3) as a result, Flux Power will need to restate its previously filed financial statements from November 10, 2022 to the present; (4) Flux Power downplayed weaknesses in internal controls or stated that it had adequate internal controls when in fact it did not; 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 Contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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