Investors Alert: Deadline Approaching in Innoviz Technologies Class Action Lawsuit

Investors who have purchased or otherwise acquired shares of Innoviz Technologies Ltd. INVZ, a company specializing in state-of-the-art solid-state LiDAR sensors and sensing software for autonomous vehicles, are reminded of an imminent filing deadline. Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, has announced the final call for investors to file a lead plaintiff motion in the class action lawsuit against Innoviz Technologies before the May 14, 2024 cut-off date.

Understanding the Class Action Against Innoviz Technologies Ltd. INVZ

The lawsuit filed by GPM represents investors who have been allegedly harmed by Innoviz Technologies due to possible violations of federal securities laws. Located in Rosh HaAyin, Israel, Innoviz has been at the forefront of LiDAR technology, an essential component in the development and manufacture of autonomous vehicles. The class action seeks to recover damages incurred by investors due to the company's alleged dissemination of materially false or misleading statements which may have affected the value of their investments in INVZ stock.

Key Deadlines and Participation

Investors should note the importance of the upcoming May 14, 2024, deadline. To act as the lead plaintiff in the class action, investors must file their motion by this date. GPM emphasizes that this deadline is crucial for investors seeking to participate in the potential recovery of their investments. Even those who have no intention of becoming a lead plaintiff may still have an opportunity to recover financial losses under the lead plaintiff's representation.

Participation in the class action is critical for shareholders who wish to hold Innoviz Technologies accountable for their alleged misrepresentation. By doing so, they also champion the integrity of the market and the protection of investors' rights.

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