#USA #New York #Securities Fraud #Rosen Law Firm #Flux Power Holdings

Investors of Flux Power Holdings: Important Legal Update

The Rosen Law Firm, reputed for its advocacy for investors, has issued a crucial guidance for individuals who have suffered losses exceeding $100,000 in stocks of Flux Power Holdings, Inc. (NASDAQ: FLUX). This announcement comes amid the backdrop of a securities fraud lawsuit initiated by the firm, and it highlights an urgent deadline for potential class action members.

Class Action Background

If you purchased shares of Flux Power from November 11, 2022, to September 30, 2024, you might be entitled to compensation for losses without any direct legal costs, thanks to the firm’s contingency fee structure. The class action, already filed, allows individuals to join before the lead plaintiff deadline of December 31, 2024. Serving as a lead plaintiff means representing all class members in guiding the litigation process.

Investors looking to join the action can follow a straightforward procedure:
1. Visit Rosen Legal's form to submit your details.
2. Alternatively, you can contact Phillip Kim, Esq. by calling 866-767-3653 for assistance.

Why Rosen Law Firm?

The Rosen Law Firm stands out due to its proven track record in handling securities class actions effectively. Investors are encouraged to opt for legal counsel with substantial experience. Many firms that issue notices lack the resources or recognition comparable to Rosen Law Firm, which has solidified itself as a leader in the space. In 2017, Rosen was recognized as the top firm for securities settlements, and has consistently ranked among the top in subsequent years, recovering significant amounts for investors.

Details of the Allegations

The suit claims that during the aforementioned class period, Flux Power's management made various materially misleading statements. Specifically, the lawsuit alleges:

• - Financial statements reported inflated inventory, gross profit, and current assets while understating costs and losses.
• - There is a need for Flux Power to restate its financials from the specified period.
• - The company falsely claimed to have adequate internal controls over financial reporting when this was not the case.

Such misrepresentations led investors to suffer significant damages once the true state of affairs was revealed in the market.

Navigating Your Options

It is essential to note that until the class has been certified, participating investors are not represented by formal counsel unless they actively retain one. Investors have the option to remain passive class members, potentially leading to recovery in any future settlements, even without serving as lead plaintiffs.

Stay Informed

For ongoing updates regarding this case or to connect with the Rosen Law Firm, follow their professional channels on LinkedIn, Twitter, or Facebook.

This is a significant moment for affected Flux Power investors, and respective actions taken before the deadline can potentially lead to recovery and justice for their financial losses.