Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Laser Photonics Corp. (“Laser Photonics” or “the Company”) (Nasdaq: LASE) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Laser Photonics investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On October 1, shares of Laser Photonics Corp. fell by more than 13% following a report from Capybara Research. The report claims that the company has been involved in a long-term fraud led by its founder and controlling shareholder, Dmitri Nikitin. According to Capybara, Laser Photonics has concealed crucial financial information from investors and engaged in misleading business practices.
Recently, Laser Photonics restated its financials, acknowledging that none of its last six reports can be deemed reliable. The short report also points out a recent private placement of shares at a price significantly lower than the current market value, indicating that the company may be aware of its unsustainable valuation.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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