Press release
Deadline on August 30th coming up in Lawsuit for Investors in Rekor Systems, Inc. (NASDAQ: REKR)
A Deadline is coming up on August 30, 2021 in the lawsuit for certain investors in Rekor Systems, Inc. (NASDAQ: REKR).
Investors who purchased shares of Rekor Systems, Inc. (NASDAQ: REKR) have certain options and there are strict and short deadlines running. Deadline: August 30, 2021. NASDAQ: REKR stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of Maryland the plaintiff alleges on behalf of purchasers of Rekor Systems, Inc. (NASDAQ: REKR) common shares between April 12, 2019 and May 25, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 12, 2019 and May 25, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that Rekor’s ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share, that it was unlikely that states would pass legislation authorizing deals similar to Rekor’s Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns, that Rekor’s UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership, that accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who purchased shares of Rekor Systems, Inc. (NASDAQ: REKR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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