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Mynaric AG Investors: Please contact the Portnoy Law Firm to recover your losses; December 30, 2024 Deadline to file Lead Plaintiff Motion
Mynaric AGMynaric AG(US:MYNA) GlobeNewswire News Roomยท2024-12-12 21:43

Core Viewpoint - Mynaric AG is facing a class action lawsuit due to alleged false and misleading statements regarding its business operations and financial prospects during the specified class period from June 20, 2024, to October 7, 2024 [1][3]. Group 1: Class Action Details - Investors who purchased Mynaric securities during the class period can file a lead plaintiff motion by December 30, 2024 [1]. - The Portnoy Law Firm is offering a complimentary case evaluation for affected investors [2]. Group 2: Allegations Against Mynaric - The complaint alleges that Mynaric's management made false statements about production yields and supplier shortages, which caused delays in the production of the CONDOR Mk3 product [3]. - It is claimed that these undisclosed issues would negatively impact the company's revenue growth and potentially lead to an operating loss [3]. - The lawsuit asserts that Mynaric would likely not meet its previously issued financial guidance for FY 2024, and that the company's public statements were materially false and misleading throughout the class period [3].