AGEAGLE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against AgEagle Aerial Systems, Inc. and Encourages Investors to Contact the Firm
NEW YORK–(BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces a class action lawsuit has been filed in the US District Court for the Central District of California on behalf of investors who have purchased AgEagle Aerial Systems, Inc. NYSE: UAVS) securities between September 3, 2019 and February 18, 2021 inclusive (the “Class Period”). Investors have until April 27, 2021 to apply to the court for appointment as the lead plaintiff in the lawsuit.
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On October 14, 2020, it was announced that Amazon did not and never did a partnership agreement with AgEagle. The Wichita Business Journal published a story entitled, “Exclusive: Who Is AgEagle’s Big Client? We now know who it isn’t. ”
In that news, AgEagle’s shares fell $ 5.13, or 36.4%, to trade at $ 8.96 on February 18, 2021, hurting investors.
The complaint, filed on February 26, 2021, alleges that throughout the classroom, defendants made false and / or misleading statements and / or failed to disclose that: (1) AgEagle was not and, in fact, never had a relationship with Amazon Amazon; (2) Rather than correcting the public’s understanding of partnering with Amazon, the defendants actively contributed to the rumor that AgEagle was partnering with Amazon. and (3) as a result, Defendants’ statements about AgEagle’s business, business and prospects were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.
If you have purchased AgEagle securities during the class period and suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this announcement or your rights or interests in relation to these matters, please contact Brandon Walker, Melissa Fortunato or Marion Passmore by email at email@example.com, by phone at (212) 355-4648, or by completing this contact form. There are no costs or obligations for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.