INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against AgEagle Aerial Systems, Inc.
NEW YORK–(BUSINESS WIRE) – Kirby McInerney LLP law firm announces that a class action lawsuit has been filed in the US District Court for the Central District of California on behalf of those who acquired AgEagle Aerial Systems, Inc. (“AgEagle” or the “Company”) ( NYSE: UAVS) securities from September 3, 2019 through February 18, 2021 (the “Class Period”) inclusive. Investors have until April 27, 2021 to apply to the court for appointment as the lead plaintiff in the lawsuit.
The lawsuit 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; (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.
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. ”
On February 18, 2021, Bonitas Research released a report stating that AgEagle “was a pump and dump program orchestrated by. . . AgEagle founder and former chairman Bret Chilcott and other UAVS insiders are cheating on US investors. “In that news, AgEagle’s shares fell $ 5.13, or approximately 36.4%, to close at $ 8.96 on February 18, 2021, hurting investors.
If you have bought or otherwise acquired AgEagle securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, via email at investigations @ kmllp. com or by filling out this contact form to discuss your rights or interests in relation to these matters at no cost to you.
Kirby McInerney LLP is a New York-based law firm focused on securities, antitrust, whistleblower and consumer litigation. The company’s efforts on behalf of shareholders in securities litigation have resulted in total recoveries of $ billion. For more information about the company, please visit the Kirby McInerney LLP website: http://www.kmllp.com.
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