AgEagle Aerial Systems, Inc.
Lead Plaintiff Deadline: 04/27/2021
SUMMARY OF CASE:
A securities class action has been filed against AgEagle Aerial Systems, Inc. (UAVS) on behalf of purchasers of the securities of AgEagle between September 3, 2019 through February 18, 2021. This case has been filed in the USDC – C.D.CA.
The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public’s understanding about a partnership with Amazon, defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, defendants’ statements about AgEagle’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.