Flux Power(US:FLUX) GlobeNewswire News Room·2024-12-29 17:42Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Flux Power Holdings, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Flux Power securities between November 11, 2022, and September 30, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 31, 2024 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Case Background - The lawsuit alleges that Flux Power made materially false and misleading statements regarding its financial condition, including overstated inventory, gross profit, current assets, and total assets [5]. - It is claimed that Flux Power understated its cost of sales and net loss, necessitating a restatement of its financial statements from November 10, 2022, onward [5]. - The lawsuit also asserts that Flux Power misrepresented its internal control weaknesses, leading to materially false statements about its business operations and prospects [5]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients [4].