LUNA INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Luna Innovations Incorporated and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Luna Innovations Incorporated (NASDAQ: LUNA) focused on whether Luna Innovations and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

If you have information that could assist in the Luna Innovations investigation or if you are a Luna Innovations investor who suffered a loss and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-luna-innovations-incorporated-investigation-luna.html

You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

THE COMPANY: Luna Innovations Incorporated provides fiber optic-based technology.

THE REVELATION: On March 12, 2024, Luna Innovations disclosed that it would delay the release of its fourth quarter and fiscal year 2023 financial results. Luna Innovations further revealed that a Special Committee of its Board of Directors “is conducting an independent review, with the assistance of external legal and financial advisors, of certain transactions for which revenue was recognized in the second and third quarters of 2023 that did not qualify for revenue recognition under U.S. generally accepted accounting principles.” Luna Innovations also disclosed that it “anticipates reporting material weaknesses in internal controls related to evaluating customer arrangements for proper revenue recognition and other controls and will be working to remediate these issues.”

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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