Investors Alert: Flux Power Holdings Faces Class Action Lawsuit for Securities Fraud

LOS ANGELES, Nov. 20, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors who have experienced significant losses now have the chance to lead a class action lawsuit against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) FLUX.

Class Period: November 11, 2022 – September 30, 2024
Lead Plaintiff Deadline: December 31, 2024

Shareholders who have incurred losses during this period can get involved by clicking here to participate.

The filed complaint claims that throughout the Class Period, defendants did not reveal that: (1) Flux Power’s financial statements from November 10, 2022 onward included significant inaccuracies, like overstated inventory and assets; (2) the company understated costs of sales and net losses; (3) Flux Power would have to restate its financial statements from November 10, 2022 until now; (4) the company misrepresented the effectiveness of its internal controls; and (5) as a result, the positive remarks made by the defendants concerning the Company’s business and outlook were misleading and lacked a solid basis.

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To remain part of the class action, no immediate action is required; interested individuals can choose their own counsel or opt to remain an absent member. For more details about this class action, or for any questions regarding this announcement, contact Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067, or call 310-914-5007. You can also email info@frankcruzlaw.com, but please include your mailing address, phone number, and number of shares purchased in your inquiry.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles