Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Against AgEagle Aerial Systems, Inc.
Radnor, Pennsylvania – (Newsfile Corp. – April 24, 2021) – Kessler Topaz Meltzer & Check, LLP’s law firm reminds investors of AgEagle Aerial Systems, Inc. (NYSE American: UAVS) (“AgEagle”) that There is a class action fraud lawsuit against AgEagle on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021 (the “Class Period”).
Main Applicant Deadline: April 27, 2021
Contact Person: James Maro, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll-free number (844) 887-9500
AgEagle is a commercial drone company engaged in the design, engineering and production of commercial drones, as well as providing drone services and solutions for the agricultural sector.
Throughout the Class Period, AgEagle informed investors that AgEagle had partnered with Amazon.com, Inc. (“Amazon”) to manufacture and assemble drones for the delivery of consumer goods.
The complaint alleges that defendants made false and / or misleading statements during the Class period and / or failed to disclose that: (1) AgEagle was not in a partnership with Amazon and in fact never had a relationship with Amazon; (2) Rather than correcting the public’s understanding of a partnership with Amazon, the defendants actively contributed to the rumor that AgEagle partnered with Amazon; and (3) as a result, defendants’ statements regarding AgEagle’s activities, activities and prospects were materially inaccurate and misleading and / or lacked a reasonable basis at all relevant times.
As a result of the foregoing, AgEagle’s shares lost significant value, which was directly detrimental to AgEagle’s investors.
AgEagle investors may be appointed through Kessler Topaz Meltzer & Check, LLP or other counsel as the Class Lead Applicant Representative by April 27, 2021, or may elect to do nothing and remain an absent member of the Class. A lead applicant is a representative who acts on behalf of all group members in directing the lawsuit. To be appointed as lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to participate in any recovery is not affected by the decision whether or not to act as the lead applicant.
Kessler Topaz Meltzer & Check, LLP is prosecuting class actions in state and federal courts across the country regarding securities fraud, violations of fiduciary duties, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The company represents investors, consumers and whistleblowers (individuals who report fraudulent practices against the government and cooperate in the recovery of government dollars). The complaint in this case was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (Toll Free)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81539