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Investigation for Long-Term Investors in shares of Rekor Systems, Inc. (NASDAQ: REKR) announced

09-27-2021 10:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Rekor Systems, Inc. (NASDAQ: REKR) shares.

An investigation on behalf of current long term investors in Rekor Systems, Inc. (NASDAQ: REKR) shares.

An investigation on behalf of current long-term investors in shares of Rekor Systems, Inc. (NASDAQ: REKR) concerning potential breaches of fiduciary duties by certain directors and officers of Rekor Systems, Inc. was announced.

Investors who are current long term investors in Rekor Systems, Inc. (NASDAQ: REKR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: REKR stocks follows a lawsuit filed against Rekor Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: REKR stocks, concerns whether certain Rekor Systems, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Maryland the plaintiff alleges that, 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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