Cepton(US:CPTN) Prnewswire·2025-11-24 14:06Core 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 failure to disclose a superior third-party merger offer [1][3]. Company Overview - Cepton, Inc. is a lidar technology company based in San Jose, California, and was acquired by Koito Manufacturing Co., Ltd. in January 2025, resulting in its stock no longer being publicly traded [2]. Allegations in the Lawsuit - The lawsuit claims that Cepton's leadership did not disclose a credible third-party offer that valued the company at more than double the price of the Koito proposal during the shareholder approval process [3]. - It is alleged that Cepton's Board of Directors did not adequately evaluate the third-party proposal and failed to inform shareholders about it in the proxy materials for the Koito acquisition [3]. - The lawsuit also points out that Cepton CEO Jun Pei had significant conflicts of interest that may have influenced the Board's decision-making process [4].