NASDAQ: LTRX

Lantronix, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Lantronix, Inc. (NASDAQ: LTRX) between May 11, 2023 and February 8, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 23, 2024.

If you purchased Lantronix securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:May 11, 2023 through February 8, 2024

Deadline:

6 Days
If you purchased Lantronix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • Lantronix overstated demand and/or its visibility into demand for its internet of things (“IoT”) products;
  • Lantronix’s customers were reducing elevated levels of inventory of IoT products, thereby causing a general slowdown in Lantronix’s business;
  • certain of Lantronix’s embedded IoT revenues expected from a customer design win were delayed to the next fiscal year;
  • as a result of all the foregoing, Lantronix anticipated lower sales for its embedded IoT solutions for fiscal year 2024;
  • accordingly, Lantronix was unlikely to meet its own previously issued guidance for fiscal year 2024; and
  • as a result, Lantronix’s public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Lantronix, Inc.
Stock Symbol: LTRX
Class Period: May 11, 2023 through February 8, 2024
Court: United States District Court for the Central District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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