Luna

Roanoke, VA — Luna Innovations Inc., alongside three former executives, has reached a preliminary agreement to settle a shareholder lawsuit that accused them of federal securities law violations, according to a recent federal court filing. The company, known for its fiber-optic sensing and monitoring technology, was removed from the Nasdaq Stock Market and has seen a continuous decline in value in the over-the-counter markets. The lawsuit, which has been under scrutiny in a California federal court for over a year, stemmed from admissions by Luna in its filings with the Securities and Exchange Commission that … Read more