A lawsuit filed in April 2024 claimed that the Roanoke-based company and its executives inflated share prices, which fell precipitously after Luna announced that those statements were unreliable.
Tad Dickens
Tad Dickens is technology reporter for Cardinal News. He previously worked for the Bristol Herald Courier and The Roanoke Times and likes to bang on his drums when he can. Reach at tad@cardinalnews.org or 540 293-6018.
Posted inPolitics
Youngkin vetoes bill to require site assessments for data centers
The bill would have mandated examining sound volume within 500 feet of schools and residences, along with measuring potential effects on ground and surface water, agriculture resources, parks, registered historic sites and forest land on or around proposed facilities.
Posted inEconomy
Wise County native is leading an old-school internet company into a new era
Onetime dial-up behemoth EarthLink has reemerged in the 21st century under the leadership of Glenn Goad. The Atlanta-based company has opened a call center in Norton, for marketing and customer service.
Posted inEconomy
Luna Innovations, former executives agree to settle lawsuit with shareholders
A final settlement involving the Roanoke-based tech company is due by May 5 in a California federal court.
Posted inEconomy
Senator, biotech leaders gather in Roanoke to brainstorm in face of government cuts
Sen. Mark Warner floated the idea of rebates to taxpayers on profits that come from university research.
Posted inEconomy
Roanoke’s RAMP introduces new tech startup cohort
Six startups introduced their tech products last week, while businesses who have been through the program explain how it helped them.
Posted inRedbird
Energy demand will outstrip supply in Virginia as data centers proliferate
Data center-driven demand is expected to double in a decade and continue rising. Experts are raising the alarm.
Posted inPolitics
Dozens of community projects halted after federal funding was omitted from Congressional stop-gap spending bill
Congress passed a continuing resolution to avoid a government shutdown in mid-March, amid a partisan fight over federal spending. That continuing resolution left out tens of millions of dollars in funding for Southwest and Southside community projects.
Posted inPolitics
Here’s the status of key bills that the governor signed, vetoed or amended
The General Assembly passed 917 bills this year. Here’s how the governor has acted on some of the most noteworthy ones.
Posted inPolitics
Evan Feinman, who led the nation’s broadband expansion for 4 years, talks about how it helped Virginia, and why he’s worried about future growth
The Lynchburg native led the $42 billion Broadband Equity Access and Deployment program for the Biden administration. He has concerns about the direction it is headed with new leadership.