Sep 28, 2023
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REKR ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of August 30, 2021 in the Class Action Filed on Behalf of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. Limited Shareholders
July 06, 2021 5:28 PM EDT | Source: Klein Law Firm
New York, New York--(Newsfile Corp. - July 6, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (NASDAQ: REKR) alleging that the Company violated federal securities laws.
Class Period: April 12, 2019 and May 25, 2021
Lead Plaintiff Deadline: August 30, 2021
No obligation or cost to you.
Learn more about your recoverable losses in REKR:
https://www.kleinstocklaw.com/pslra-1/rekor-systems-inc-f-k-a-novume-solutions-inc-loss-submission-form?id=17438&from=5
Rekor Systems, Inc. f/k/a Novume Solutions, Inc. NEWS - REKR NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Rekor Systems, Inc. f/k/a Novume Solutions, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Rekor's ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share; (ii) 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; (iii) 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; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Rekor Systems you have until August 30, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Rekor Systems securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the REKR lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89573