Luna Innovations, Inc.

Karzoun v. Luna Innovations Incorporated et al., (Case No. 2:24-cv-02630), C.D. Cal.

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After the market close on March 12, Luna Innovation disclosed that it has identified a material weakness in its internal controls over financial reporting and that certain previously issued financial statements should no longer be relied on.  

Shares of Luna Innovation, Inc. dropped more than 35% in intraday trading on March 13, 2024.

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