Investors of Flux Power Holdings Can Lead Class Action Over Alleged Fraud

BENSALEM, Pa., Dec. 17, 2024 /PRNewswire/ — The Law Offices of Howard G. Smith is inviting investors who experienced significant losses to consider leading a class action lawsuit against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) FLUX.

Key Details of the Allegations

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

How to Get Involved

If you faced losses on your investments in Flux Power, you can contact the Law Offices of Howard G. Smith to learn more about your legal options in this class action. You can reach them at 215-638-4847 or email howardsmith@howardsmithlaw.com.

Claims Against Flux Power

The complaint indicates that from November 10, 2022 onward, key issues arose regarding the company’s financial disclosures. The allegations state that: (1) Flux Power had overstated inventory, gross profit current assets, and total assets; (2) the company misrepresented cost of sales and net loss; (3) a restatement of financial statements was necessary; (4) internal control weaknesses were understated or misrepresented; and (5) positive assertions about the company’s performance were misleading and lacked factual support.

Your Options in the Class Action

Joining the class action does not require immediate action on your part. You may choose to hire your own lawyer or remain a passive member. For further details on this class action or questions relating to your rights, contact Howard G. Smith, Esquire, at Law Offices of Howard G. Smith, located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847 or via email at howardsmith@howardsmithlaw.com. You can also find more information on their website at www.howardsmithlaw.com.

This press release may fall under Attorney Advertising rules in some regions.

Contact Information

For more information:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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SOURCE Law Offices of Howard G. Smith