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 HERE or please contact Berger Montague: Andrew Abramowitz at ... or (215) 875-3015, or Caitlin Adorni at ... or (267)764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:
Andrew Abramowitz
Senior Counsel
Berger Montague
(215) 875-3015
...

Caitlin Adorni
Director of Portfolio & Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
...