National plaintiffs' law firm Berger Montague PCannounces a class action lawsuit against Cepton, Inc. (NASDAQ: CPTN) (“Cepton” or the “Company”) on behalf of investors who purchased or sold Cepton shares during the period ofJuly 29, 2024 through January 6, 2025 (the “Class Period”).
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Investor Deadline: Investors who purchased or sold Ceptonsecurities during the Class Period may, no later than December 8, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
Cepton is a technology company based in San Jose, California that develops lidar solutions for automotive and smart infrastructure applications.Having been acquired by Koito Manufacturing Co., Ltd. (“Koito”) in January 2025, Cepton's stock is no longer publicly traded.
According to the complaint, Cepton misrepresented and omitted material information related to Koito's merger proposal. Specifically, according to documents referenced in a lawsuit pending in Delaware, Cepton allegedly received a credible third-party bid that valued Cepton at more than double the price offered in the Koito transaction. The Board of Directors allegedly failed to evaluate or disclose this competing offer, depriving shareholders of the ability to make an informed decision.
The Delaware lawsuit also references documents that indicate that Cepton's CEO had personal financial conflicts and improperly influenced the Board to accept the Koito deal.
If you are a Cepton investor and would like to learn more about this action, CLICK HEREor please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.comor (267)764-4865.
About Berger MontagueBerger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto has been a pioneer in securities class action litigationsince its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
For more information or to discuss your rights, please contact:Andrew AbramowitzSenior CounselBerger Montague(215) 875-3015aabramowitz@bergermontague.com
Caitlin AdorniDirector of Portfolio & Institutional Client Monitoring ServicesBerger Montague(267) 764-4865cadorni@bergermontague.com
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