Breaking News: Flux Power Holdings, Inc. Faces Legal Action for Alleged Securities Law Violations – Investors Urged to Seek Counsel from The Schall Law Firm
Introduction:
LOS ANGELES, CA / ACCESSWIRE / December 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Flux Power Holdings, Inc. (“Flux Power” or “the Company”) (NASDAQ:FLUX) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Details of the Lawsuit:
Investors who purchased the Company’s securities between November 11, 2022 and September 30, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before December 31, 2024.
The lawsuit alleges that Flux Power made false and/or misleading statements and failed to disclose that the Company’s internal controls over financial reporting were ineffective. This led to improper warranty expense accruals and overstated financial results. When this information became public, the price of Flux Power’s securities dropped, causing harm to investors.
The Schall Law Firm is working to recover losses suffered by investors due to Flux Power’s alleged misconduct. Investors with losses are encouraged to seek counsel from the firm to understand their legal rights and options.
How This Will Impact Me:
As an investor who may have purchased Flux Power Holdings, Inc. securities during the Class Period, it is important to take action and seek counsel from The Schall Law Firm. By contacting the firm before the deadline, you can protect your rights and potentially recover any losses incurred as a result of the alleged securities law violations.
How This Will Impact the World:
The outcome of this class action lawsuit against Flux Power Holdings, Inc. has the potential to set a precedent in the financial industry regarding corporate accountability and transparency. If proven guilty of securities law violations, companies may face stricter regulations and scrutiny, ultimately protecting investors and fostering greater trust in the market.
Conclusion:
It is crucial for investors who purchased Flux Power Holdings, Inc. securities between November 11, 2022 and September 30, 2024 to seek counsel from The Schall Law Firm before the December 31, 2024 deadline. By taking action and understanding your legal rights, you can minimize the impact of alleged securities law violations on your investments and contribute to a more transparent and accountable financial system.
