Investment firm to buy troubled tech company Luna Innovations

Luna Innovations, a once-prominent tech firm based in Roanoke, is set to be acquired by an investment firm after a tumultuous period that included settling a hefty $7.3 million class-action lawsuit for alleged securities fraud. This move signals a potential turnaround for the company, offering it a fresh start and new capital. The acquisition's success could set a precedent for how troubled tech companies navigate legal challenges and financial difficulties, impacting investor confidence in the sector. This development underscores the importance of strategic investments in reviving companies with potential but facing significant hurdles.