Investor Alert: Deadline Approaching in Lantronix, Inc. Securities Class Action

NEW YORK, March 06, 2024 – Rosen Law Firm, a preeminent global investor rights law firm, is calling on investors who purchased securities of Lantronix, Inc. LTRX to be vigilant of the upcoming deadline to seek a role as lead plaintiff in a securities class action lawsuit. The action has been filed on behalf of investors who bought LTRX shares between May 11, 2023, and February 8, 2024, a period known as the 'Class Period'. The focus is on whether the company provided misleading information to the investing public.

Lantronix, Inc. at a Glance

Lantronix, Inc. LTRX, headquartered in Irvine, California, is a specialized firm offering SaaS, hardware, and engineering solutions focused on Edge Computing, Internet of Things (IoT), and Remote Environment Management (REM). They have a global presence, with operations extending across the Americas, Europe, the Middle East, Africa, and Asia Pacific Japan. As a prominent player in their field, LTRX's performance and business practices are closely watched by investors.

Details of the Securities Class Action

The lawsuit alleges that within the Class Period, Lantronix, Inc. may have made false and/or misleading statements and/or failed to disclose material adverse facts about the company's business operations and prospects. As a result, Lantronix's public statements were allegedly materially false and misleading at all relevant times. The lead plaintiff deadline, which is on April 23, 2024, is crucial for investors who have suffered losses in LTRX and wish to serve as lead plaintiff, a position that typically calls for a shareholder with a significant loss to represent other class members in directing the litigation.

Importance of the Lead Plaintiff Deadline

Potential class members should be aware that the lead plaintiff process is a statutory requirement. Importantly, you do not need to seek a position as lead plaintiff to still share in any eventual recovery. If you have held stocks in Lantronix, Inc. LTRX during the specified period and have been affected by the company’s actions, you still have legal options that can be discussed with legal counsel. If you wish to secure your rights, it is advised that you contact a knowledgeable attorney as soon as possible.

Investor, Deadline, Lawsuit