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

FLUX Deadline: Investors Take Action

The Rosen Law Firm Reminds Investors of Key Deadline
The Rosen Law Firm, an international advocate for investor rights, has announced an important opportunity for individuals who purchased shares of Flux Power Holdings, Inc. (NASDAQ: FLUX) between November 11, 2022, and September 30, 2024. If your losses exceed $100,000, you may qualify to lead a class-action lawsuit against the company due to alleged securities fraud. The key deadline for stepping up as a lead plaintiff in this case is December 31, 2024.

Understanding the Class Action

What does this mean for investors? If you bought securities in Flux Power Holdings during the specified timeframe, you might be entitled to a potential recovery without upfront costs. The Rosen Law Firm operates under a contingency fee model, which means that if you do not win, you do not pay. To explore your options, you can visit Rosen Legal’s submission page or contact Phillip Kim, Esq. at 866-767-3653.

The Allegations Against Flux Power Holdings

According to the lawsuit, the defendants allegedly made false and misleading statements regarding the company’s finances, which included:

• - Inflated inventory and total assets.
• - Understated cost of sales and net losses.
• - Misrepresentations about internal control systems, suggesting they were effective when they allegedly were not.
• - These misstatements and omissions could have led investors to believe that the company was performing better than it actually was. When the truth came to light, investors reportedly suffered significant damages.

Why Opt for Experienced Counsel?

The Rosen Law Firm encourages investors to select legal representation that has a proven track record in handling similar cases. Not all firms claiming to represent investors have the necessary experience or resources for litigation. In fact, many are intermediaries that do not actively litigate cases themselves. The Rosen Law Firm has been recognized for its success in securities class action settlements and boasts a robust history of recovering substantial amounts on behalf of its clients.

The Firm’s Historical Success

The Rosen Law Firm made headlines by securing one of the largest settlements in a securities class action against a Chinese company. They topped rankings for the number of class action settlements throughout 2017 and have maintained a spot in the top four since 2013. Their substantial recovery efforts in the hundreds of millions of dollars have cemented their reputation as leaders in this field.

Next Steps for Investors

For those affected by this matter, you don’t have to remain passive. While no class has yet been certified in this case, you are encouraged to take steps now if you think you qualify.
1. Do Not Wait: The deadline to file as a lead plaintiff is December 31, 2024.
2. Consult a Lawyer: Choose legal counsel wisely; prioritize experience and track records in the domain of securities litigation.
3. Stay Informed: For continued updates, follow the Rosen Law Firm on their official LinkedIn, Twitter, or Facebook pages.

Conclusion

If you believe you've suffered important financial losses related to your investment in Flux Power Holdings, it may be time to take action. With the legal avenues available for recovery, including potential participation in a class action lawsuit, you can assert your rights as an investor. Remember, prior results do not guarantee future outcomes, but partnering with a competent law firm can significantly aid in navigating these complex legal waters.