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Robbin LLP reminds LUNA shareholders of this

SAN DIEGO, May 9, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder acts on behalf of all persons and entities that purchased or otherwise acquired Luna Innovations Incorporated (NASDAQ: LUNA) securities between August 11, 2023 , filed a class action lawsuit and March 25, 2024. Luna Innovations is a technology company specializing in fiber optics. The company produces products aimed at the aerospace, automotive and communications industries, among others.

For more information, submit a form, email attorney Aaron Dumas, Jr., or call us at (800) 350-6003.

The accusations: Robbins LLP is investigating allegations that Luna Innovations Incorporated (LUNA) did not have adequate internal controls

According to the complaint, during the class action period, defendants failed to disclose that: (1) Luna Innovations’ financial statements from August 10, 2023 to the present contained incorrect figures due to improper revenue recognition; (2) As a result, Luna Innovations would be required to restate its previously filed financial statements from August 10, 2023 to November 14, 2023; and (3) Luna Innovations did not have adequate internal controls. When the truth came out, Luna Innovations shares fell, hurting investors.

What now: You may be eligible to participate in the class action lawsuit against Luna Innovations Incorporated. Shareholders who wish to serve as lead plaintiffs in the class must file with the Court by May 31, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to be a party to the case to be eligible for compensation. If you choose to take no action, you may remain an absent student. For more information click Here.

All representations are made on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing notices on this matter do not actually litigate securities class actions. Robbins LLP does. Robbins LLP’s attorneys and staff are recognized leaders in shareholder rights litigation and have been committed since 2002 to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their misconduct pull. Since our inception, we have received over $1 billion for shareholders.

To be notified when a class action lawsuit against Luna Innovations Incorporated is settled, or to receive free alerts when company executives commit misconduct, sign up Stock Monitoring Today.

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