SAN DIEGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Laser Photonics Corp. (Nasdaq: LASE) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased Laser Photonics securities? If you purchased securities and suffered losses on your investment, join our investigation now: Click Here to Join the Investigation. Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you.
What is Johnson Fistel investigating? On October 1, 2024, Capybara Research, issued a report which alleged that the company has been engaged in sustained fraudulent activities coordinated by its founder and principal shareholder, Mr. Dmitri Nikitin.
The report by Capybara Research conveys concerns regarding Laser Photonics’ operational transparency, suggesting that the company has withheld essential financial data from its investors, thereby engaging in practices that could be deemed deceptive. Such allegations raise serious questions about the integrity and reliability of the financial statements issued by the company.
Recently, Laser Photonics issued a restatement of its financials, an action that effectively casts doubt on the accuracy and dependability of its previous six financial reports. This restatement indicates recognition by the company of potential discrepancies and errors in its reported financial health over significant periods.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
