US EditionLuna Innovations, former executives agree to $7.3 million settlement with shareholders
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Luna Innovations, former executives agree to $7.3 million settlement with shareholders
Luna Innovations Inc. and three of its former executives have agreed to pay $7.3 million to shareholders who allege that they committed securities fraud.In documents filed late Monday in a California federal court, Luna admitted no wrongdoing and denied all allegations in the class-action lawsuit, but agreed to settle it “solely to eliminate the uncertainty, burden, and expense of further protracted litigation” in a case that has stretched beyon…
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