NEW YORK, NY / ACCESSWIRE / September 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Laser Photonics Corporation ("Laser Photonics Corporation") (NASDAQ:LASE) concerning possible violations of federal securities laws.
Laser Photonics disclosed in a filing with the U.S. Securities and Exchange Commission on September 23, 2024, "that the Company's previously issued financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Quarterly Report on Form 10-Q for the period ended June 30, 2024, should no longer be relied upon as a result of the Company's predecessor auditor, Fruci & Associates II, PLLC (‘Fruci'), identifying an adjusting entry that Fruci had proposed and that was posted by the Company that overstated deferred revenue and needed to be corrected as discussed in further detail in Note 7 of the December 31, 2023, financial statements in the Company's Form 10-K/A that it filed on August 28, 2024, and the Form 10-Q/A filed September 12, 2024."
On this news, Laser Photonics' stock price fell over 36% on September 25, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/laser-photonics-corporation-lawsuit-submission-form?prid=105935&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
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Ed Korsinsky, Esq.
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SOURCE: Levi & Korsinsky, LLP