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ROSEN, LEADING TRIAL ATTORNEYS, Encourages Cepton, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CPTN
Globenewswire· 2025-10-13 22:58
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly making materially false and misleading statements regarding its business operations and compliance policies during the Class Period from July 29, 2024, to January 6, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [5]. - It is alleged that Cepton's Board of Directors failed to adequately explore this offer and did not disclose its terms when recommending the Koito Acquisition to shareholders [5]. - As a result, shareholders were deprived of the opportunity to meaningfully consider the acquisition, leading to materially false and misleading public statements by the defendants [5]. Group 2: Participation Information - Investors who purchased or sold Cepton, Inc. common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].
CPTN Investor Alert: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against Cepton, Inc.
Globenewswire· 2025-10-10 19:40
Core Viewpoint - A class action has been filed against Cepton, Inc. for allegedly misleading investors regarding its acquisition by Koito Manufacturing Co., Ltd. [1][2] Allegations - The complaint claims that Cepton did not disclose a credible third-party bid that valued the company at more than double the acquisition price offered by Koito, which was $3.17 per share [3] - It is alleged that Cepton's Board of Directors failed to adequately explore this third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [3] - As a result, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by December 8, 2025, and can remain absent class members if they choose not to participate [4] - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [5]
CPTN Investors have Opportunity to Lead Cepton, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-10-10 00:14
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly making materially false and misleading statements regarding its business operations and compliance policies during the Class Period from July 29, 2024, to January 6, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [5]. - It is alleged that Cepton's Board of Directors failed to adequately explore the third-party offer and did not disclose its terms when recommending the Koito Acquisition to shareholders [5]. - As a result of these actions, shareholders were deprived of the opportunity to meaningfully consider the acquisition, leading to materially false and misleading public statements by the defendants [5]. Group 2: Participation Information - Investors who purchased or sold Cepton, Inc. common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].
Berger Montague PC Investigating Claims on Behalf of Cepton, Inc. (NASDAQ: CPTN) Investors After Class Action Filing
Prnewswire· 2025-10-09 19:34
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly failing to disclose a competing acquisition bid during the approval process of its merger with Koito Manufacturing Co., which may have undervalued Cepton shares [1][3][5]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025 [1][2]. - The merger proposal from Koito valued Cepton shares at $3.17 each, while a credible third-party bid valued the company at more than double that amount [3][5]. - The Delaware Court of Chancery is currently handling a lawsuit from former shareholders against Cepton's senior officers, revealing that proxy materials for the Koito acquisition concealed material information [4][5]. Group 2: Allegations Against Cepton - Cepton's Board of Directors allegedly did not adequately explore the competing offer and failed to disclose its terms when recommending the Koito transaction to shareholders [5]. - The complaint also suggests that Cepton's CEO had conflicts of interest regarding the Koito proposal, further complicating the situation for shareholders [5].
Portnoy Law Firm Announces Class Action on Behalf of Cepton, Inc. Investors
Globenewswire· 2025-10-09 18:47
Core Viewpoint - A class action has been initiated against Cepton, Inc. for securities fraud during the specified class period from July 29, 2024, to January 6, 2025, with a deadline for lead plaintiff motion filings set for December 8, 2025 [1]. Group 1 - The Portnoy Law Firm is advising investors who purchased Cepton securities during the class period to take legal action [1][2]. - Investors can contact attorney Lesley F. Portnoy for a complimentary case evaluation and to discuss their legal rights [2]. - The investigation focuses on potential securities fraud or unlawful business practices by Cepton, Inc. and its officers or directors [2]. Group 2 - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing, having recovered over $5.5 billion for aggrieved investors [3].
CPTN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Cepton, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-10-09 16:44
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Cepton securities between July 29, 2024, and January 6, 2025 [2]. - The Complaint alleges that Cepton's management made materially false and misleading statements regarding the company's business and operations [3]. - Specific allegations include that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [3]. Group 2: Implications for Shareholders - The Complaint claims that the Board of Directors failed to explore the third-party offer meaningfully and did not disclose its terms when recommending the Koito Acquisition [3]. - As a result, shareholders were deprived of the opportunity to consider whether to accept or reject the Koito Acquisition [3]. Group 3: Next Steps for Investors - Investors who suffered losses in Cepton have until December 8, 2025, to request to be appointed as lead plaintiff in the case [4]. - The law firm representing the class action operates on a contingency fee basis, meaning they will only collect fees if successful [5].
Do you own shares of CPTN? Robbins LLP Informs Investors of the Cepton, Inc. Class Action Lawsuit
Prnewswire· 2025-10-08 23:42
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. alleging that the company misled investors regarding its acquisition by Koito Manufacturing Co., Ltd. [1][2] Group 1: Allegations - The lawsuit claims that Cepton did not disclose a credible third-party bid that valued the company at more than double the acquisition price offered by Koito, which was $3.17 per share [3] - It is alleged that Cepton's Board of Directors failed to adequately explore the third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [3] - As a result of these actions, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [3] Group 2: Legal Proceedings - Shareholders interested in participating as lead plaintiffs in the class action must file their papers with the court by December 8, 2025 [4] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] Group 3: Firm Background - Robbins LLP is noted for its focus on shareholder rights litigation, helping shareholders recover losses and improve corporate governance since 2002 [5]
Rosen Law Firm Urges Cepton, Inc. (NASDAQ: CPTN) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
Businesswire· 2025-10-08 22:15
Group 1 - A shareholder has filed a class action lawsuit on behalf of purchasers or sellers of Cepton, Inc. common stock during the Class Period from July 29, 2024, to January 6, 2025 [1] - Cepton, Inc. was previously an electronics company before its acquisition [1]
Pomerantz Law Firm Announces the Filing of a Class Action Against Cepton, Inc. and Certain Officers - CPTN
Prnewswire· 2025-10-08 20:30
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. and certain officers, alleging violations of federal securities laws during the Class Period from July 29, 2024, to January 6, 2025, related to the company's merger with Koito Manufacturing Co., Ltd. [1][5] Group 1: Class Action Details - The lawsuit seeks to recover damages for all persons and entities that purchased or sold Cepton common stock during the Class Period [1] - Investors have until December 8, 2025, to request to be appointed as Lead Plaintiff for the class [2] Group 2: Company Background - Cepton is an electronics company focused on high-performance lidar technologies for the Automotive and Smart Infrastructure markets, offering various lidar systems and software [3] - Koito Manufacturing Co., Ltd. invested $200 million in Cepton, acquiring 30.1% of voting power and two board seats as of July 2023 [4] Group 3: Merger and Allegations - In July 2024, Cepton accepted Koito's bid to acquire all outstanding capital stock for $3.17 per share, which closed on January 7, 2025 [5] - The lawsuit alleges that Cepton's Board failed to disclose a credible third-party bid valuing the company at more than double the Koito Acquisition price, depriving shareholders of meaningful consideration [5][7] - The Amended Complaint claims that the acquisition price was unreasonable and that the Board concealed critical facts in their communications with shareholders [7]
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Cepton, Inc. (CPTN) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
Globenewswire· 2025-10-08 14:41
Core Points - A shareholder class action lawsuit has been filed against Cepton, Inc. alleging that the company made materially false and misleading statements regarding its business and operations [1] - The lawsuit claims that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [1] - It is alleged that Cepton's Board of Directors failed to explore the third-party offer meaningfully and did not disclose its terms when recommending the Koito Acquisition to shareholders [1] - As a result, shareholders were deprived of the opportunity to consider the third-party offer when deciding on the Koito Acquisition [1] - The lawsuit asserts that the public statements made by the defendants were materially false and misleading at all relevant times [1] Legal Context - Shareholders who purchased Cepton shares between July 29, 2024, and January 6, 2025, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is December 8, 2025 [3] - Holzer & Holzer, LLC is a law firm specializing in securities litigation and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3]