Wrap Technologies, Inc.
Lead Plaintiff Deadline: 11/23/2020
SUMMARY OF CASE:
A securities class action has been filed against Wrap Technologies, Inc. (WRTC) behalf of persons who purchased the publicly traded securities of Wrap Technologies between July 31, 2020 through September 23, 2020. This case has been filed in the USDC – C.D.CA.
The Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had concealed the results of the LAPD BolaWrap pilot program, which demonstrated that the BolaWrap was ineffective, expensive, and sparingly used in the field; and (2) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.