#United States #Los Angeles #Schall Law Firm #Securities Fraud #Flux Power Holdings

Investors Urged to Act Against Flux Power Holdings

The Schall Law Firm, a well-known national shareholder rights litigation firm, has alerted investors regarding a class action lawsuit against Flux Power Holdings, Inc. The allegations stem from significant violations of the Securities Exchange Act of 1934, particularly under sections 10(b) and 20(a), along with the related SEC Rule 10b-5.

Important Dates

Investors who purchased securities from Flux Power between November 11, 2022, and September 30, 2024, should contact the Schall Law Firm before December 31, 2024, to discuss their eligibility for participation in the lawsuit. This is a crucial step for anyone who has faced losses due to their investments in the company.

Overview of Allegations

According to the complaint lodged against Flux Power, the company has been accused of disseminating false and misleading statements during the defined Class Period. Key allegations include overstated financial figures related to inventory, gross profits, and total assets. Specifically, Flux Power reportedly underestimated its net losses and cost of sales, leading to significant financial misrepresentation. Consequently, the company is anticipated to restate its earnings for the affected periods.

The implications of these misstatements have been dire for investors who trusted the company's initially presented financial health. When the truth emerged, market reactions led to financial damages for shareholders who relied on the inflated figures.

How to Participate

Investors seeking recovery of their losses are encouraged to join the case actively. To facilitate participation, interested parties should reach out directly to Brian Schall of the Schall Law Firm. His office can be contacted via phone at 310-301-3335, or alternatively, investors can visit www.schallfirm.com for further information.

It's worth noting that as of now, the class action has not yet been officially certified, meaning that those who take no action will remain absent class members without representation.

About Schall Law Firm

Schall Law Firm is renowned for its commitment to representing investors across the globe. Its specialization in securities class action lawsuits and shareholder rights litigation places it in a unique position to advocate for the rights of investors who have faced losses due to corporate misconduct.

Investors are reminded that these legal proceedings may be viewed as attorney advertising in certain jurisdictions under applicable laws. Legal actions of this nature emphasize the importance of transparency and accountability in corporate governance, especially in an environment where investor trust is paramount.

In conclusion, for those investors affected by the Flux Power situation, the opportunity to reclaim losses through this class action lawsuit presents a critical avenue for accountability. Timely action is essential to ensure representation and potentially recover damages incurred during this period of misrepresentation.