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.”

集体诉讼期:May 11, 2023 through February 8, 2024

截止期限:

7 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.

案件详情:

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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公司名称: Lantronix, Inc.
股票代号: LTRX
集体诉讼期: May 11, 2023 through February 8, 2024
法院: United States District Court for the Central District of California

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