Luna Innovations (LUNA) Hit with Securities Class Action After Admitting to Improper Accounting – Hagens Berman
SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ: LUNA) investors who suffered substantial losses to submit your losses now .
- SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Luna Innovations Incorporated (NASDAQ: LUNA) investors who suffered substantial losses to submit your losses now .
- Luna Innovations Incorporated (LUNA) Securities Fraud Class Action:
The litigation focuses on the propriety of Luna’s past financial statements and adherence to U.S. generally accepted accounting principles (“GAAP”). - This news drove the price of Luna shares crashing over 35% lower on Mar.
- “We’re investigating whether Luna management may have intentionally violated GAAP and its stated revenue recognition policies to appear more profitable,” said Reed Kathrein, the Hagens Berman partner leading the investigation.