Cepton(US:CPTN) Prnewswire·2025-11-18 18:21Core Viewpoint - 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, alleging misrepresentation and omission of material information regarding a merger proposal with Koito Manufacturing Co., Ltd. [1][3] Company Overview - Cepton, Inc. is a technology company based in San Jose, California, specializing in lidar solutions for automotive and smart infrastructure applications. The company was acquired by Koito in January 2025, and its stock is no longer publicly traded [2]. Allegations in the Lawsuit - The lawsuit claims that Cepton misrepresented and omitted critical information about a competing third-party bid that valued the company at more than double the price offered by Koito. The Board of Directors allegedly failed to evaluate or disclose this competing offer, which deprived shareholders of making informed decisions [3]. - Additionally, the lawsuit references documents indicating that Cepton's CEO had personal financial conflicts that improperly influenced the Board's decision to accept the Koito deal [4].