{"id":382012,"date":"2020-11-16T11:10:51","date_gmt":"2020-11-16T16:10:51","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382012"},"modified":"2020-11-16T11:10:51","modified_gmt":"2020-11-16T16:10:51","slug":"imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/","title":{"rendered":"IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. Sued for Violations of the Federal Securities Laws; Investors Who Lost Money Should Contact Block &amp; Leviton LLP Before November 23, 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<p>BOSTON, Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; Wrap Technologies, Inc. (NASDAQ: WRTC) purportedly develops security products designed for use by law enforcement and security personnel. In December 2019, Wrap announced that the Los Angeles Police Department had decided to train its officers on Wrap\u2019s \u201cBolaWrap 100,\u201d a handheld remote restraint device.<\/p>\n<p>On September 23, 2020, analyst White Diamond Research stunned the market with its report entitled \u201cWrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated to Investors.\u201d This report described an August 25, 2020 LAPD analysis, which White Diamond described as revealing that \u201c[o]ver a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were used only nine times, and only worked once.\u201d On this news, shares of Wrap Technologies common stock fell by over 25% in one day, from their September 22, 2020 close of $8.14 per share to a September 23, 2020 close of $6.07.<\/p>\n<p>A lawsuit alleging violations of federal securities laws has been filed against Wrap Technologies and certain of its officers and directors. The suit alleges that beginning on July 31, 2019, Wrap Technologies misled investors about the purported success of the LAPD trial of the BolaWrap, including that the LAPD officers had provided \u201cgreat feedback\u201d on their \u201cuses so far\u201d of the BolaWrap. According to the lawsuit, the September 23, 2020 White Diamond Research report shocked the market because of the Company\u2019s previous statements touting the positive result of the LAPD\u2019s BolaWrap trial.<\/p>\n<p>The lawsuit was filed in the U.S. District Court for the Central District of California, and is captioned <em>Cobden v. Wrap Technologies<\/em><em>, Inc., et al.<\/em>, No. 20-cv-08760.<\/p>\n<p>If you purchased or acquired shares of Wrap Technologies between July 31, 2020 and September 23, 2020 and have questions about your legal rights or possess information relevant to this matter, please contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9faOiiQlCZQCQagnlukuzTaEbrc1eDXl-SAhKK__BAYUq-0GDtMe2qJl9Tdhwhks07CEhWczMMG71I_XhF-EeTIhxpKPD1vkQof6jTUSfso=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>, or at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MKdGPq9ibetzQ82qyuby9FWDjDqafipzWFJ8yS_L67mp8saPkVKRy-WC2Pe2K2PAKLGQ3txrTBH8iNYWvfC2-DdBTFg5nnalwR6SomQYDFa3LEFR7dJfNtVNj84ZYwNtPAjX3gNfQBP3GUPvk1PwlA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.blockleviton.com\/cases\/wrap<\/a>. The deadline to move the Court to be appointed lead plaintiff is November 23, 2020.<\/p>\n<p>Block &amp; Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country\u2019s financial markets. The firm represents many of the nation\u2019s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm\u2019s lawyers have recovered billions of dollars for its clients.<\/p>\n<p>This notice may constitute attorney advertising.<\/p>\n<p>CONTACT:<br \/>BLOCK &amp; LEVITON LLP<br \/>260 Franklin St., Suite 1860<br \/>Boston, MA 02110<br \/>Phone: (617) 398-5600<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9faOiiQlCZQCQagnlukuzTaEbrc1eDXl-SAhKK__BAYeSVllw_m7V6m0SvroRjDvdqA2Tc0CYPcSxegOqAnIGUYEQ6OSvSsgW-k70XlvVHc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>\u00a0<br \/>SOURCE: Block &amp; Leviton LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ifrhQankZ5dJtdSBQ6l8C5u873EAlpiSKQ3Fl7mFJc1wWWKbQ-oI4NzD2oujlIicN2I2pdTs7yUntyJ7u83EeqHjBx-CxK0WVoOhI0WD7E8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a>\u00a0<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg0NyMzODI5Mzg5IzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/a6b225ab-05e0-4349-9ad9-5e2148b6991a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Wrap Technologies, Inc. (NASDAQ: WRTC) purportedly develops security products designed for use by law enforcement and security personnel. In December 2019, Wrap announced that the Los Angeles Police Department had decided to train its officers on Wrap\u2019s \u201cBolaWrap 100,\u201d a handheld remote restraint device. On September 23, 2020, analyst White Diamond Research stunned the market with its report entitled \u201cWrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated to Investors.\u201d This report described an August 25, 2020 LAPD analysis, which White Diamond described as revealing that \u201c[o]ver a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were used only nine times, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. Sued for Violations of the Federal Securities Laws; Investors Who Lost Money Should Contact Block &amp; Leviton LLP Before November 23, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382012","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. Sued for Violations of the Federal Securities Laws; Investors Who Lost Money Should Contact Block &amp; Leviton LLP Before November 23, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. 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On September 23, 2020, analyst White Diamond Research stunned the market with its report entitled \u201cWrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated to Investors.\u201d This report described an August 25, 2020 LAPD analysis, which White Diamond described as revealing that \u201c[o]ver a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were used only nine times, &hellip; Continue reading &quot;IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. 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(NASDAQ: WRTC) purportedly develops security products designed for use by law enforcement and security personnel. In December 2019, Wrap announced that the Los Angeles Police Department had decided to train its officers on Wrap\u2019s \u201cBolaWrap 100,\u201d a handheld remote restraint device. On September 23, 2020, analyst White Diamond Research stunned the market with its report entitled \u201cWrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated to Investors.\u201d This report described an August 25, 2020 LAPD analysis, which White Diamond described as revealing that \u201c[o]ver a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were used only nine times, &hellip; Continue reading \"IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. Sued for Violations of the Federal Securities Laws; Investors Who Lost Money Should Contact Block &amp; Leviton LLP Before November 23, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T16:10:51+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg0NyMzODI5Mzg5IzIwMTgxMTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imminent-shareholder-deadline-wrap-technologies-inc-sued-for-violations-of-the-federal-securities-laws-investors-who-lost-money-should-contact-block-leviton-llp-before-november-23-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"IMMINENT SHAREHOLDER DEADLINE: Wrap Technologies, Inc. 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