Notice for Lantronix, Inc. Investors: Deadline Approaching in LTRX Class Action Lawsuit

SAN DIEGO, March 20, 2024 (GLOBE NEWSWIRE) -- Investors of Lantronix, Inc. LTRX are hereby reminded by Robbins LLP about the ongoing class action lawsuit filed on behalf of shareholders who purchased or otherwise acquired LTRX common stock between May 11, 2023, and February 8, 2024. The lawsuit seeks to recover damages for alleged corporate misconduct and statutory violations within the specified period.

Understanding the Class Action

Investors who held LTRX shares during the mentioned timeline may be affected by the allegations of the class action. The lawsuit claims that Lantronix, Inc., headquartered in Irvine, California and specialized in SaaS, hardware, and engineering services related to Edge Computing, IoT, and REM, has potentially engaged in practices that could be detrimental to shareholders' interests.

About Lantronix, Inc.

Lantronix, Inc. LTRX is recognized for providing innovative solutions across the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan regions. However, the company is currently facing legal scrutiny and requires shareholder attention prior to the lead plaintiff deadline.

Investor Action is Required

Stockholders of Lantronix, Inc. LTRX are urged to contact Robbins LLP before the lead plaintiff deadline to learn more about their rights and options. Participation in the class action could potentially lead to financial recovery if violations of federal securities laws are proved in court.

Investment, Lawsuit, Notice