Cepton(US:CPTN) Prnewswireยท2025-10-28 20:35Core Points - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025 [1][2] - Cepton, a technology company specializing in lidar solutions, was acquired by Koito Manufacturing Co., Ltd. in January 2025, and its stock is no longer publicly traded [2] - The lawsuit alleges that Cepton misrepresented and omitted critical information regarding a competing merger proposal that valued the company at more than double the price offered by Koito [3] - It is claimed that Cepton's CEO had personal financial conflicts that improperly influenced the Board's decision to accept the Koito deal [4] Company Information - Cepton, Inc. is based in San Jose, California, and focuses on developing lidar solutions for automotive and smart infrastructure applications [2] - The company is no longer publicly traded following its acquisition by Koito Manufacturing Co., Ltd. [2] Legal Context - Investors who traded Cepton securities during the specified class period have until December 8, 2025, to seek appointment as lead plaintiff [2] - The lawsuit references documents from a pending case in Delaware that highlight the alleged failure of Cepton's Board to evaluate a competing offer [3]