{"id":440721,"date":"2021-02-22T08:45:18","date_gmt":"2021-02-22T13:45:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=440721"},"modified":"2021-02-22T08:45:18","modified_gmt":"2021-02-22T13:45:18","slug":"shareholder-alert-ageagle-aerial-systems-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ageagle-aerial-systems-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: AgEagle Aerial Systems Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BOSTON, Feb.  22, 2021  (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jcjtk_5veucx90RcJ3dv-s-ota-6k9KTj_JbvAji5cAenIPpbxfyI-26qeMhl1fLHBEHW758FBNiz7F0pMTdu65AZG0BqtQ0M-HVNBDz2Gs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a>), a national securities litigation firm, reminds investors that it is investigating AgEagle Aerial Systems Inc. (NYSE: UAVS) for potential violations of the federal securities laws.<\/p>\n<p align=\"justify\">On February 18, 2021, <em>Bonitas Research<\/em> published a report alleging that AgEagle is \u201ca pump &amp; dump scheme orchestrated by Alpha Capital Anstalt . . . AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.\u201d The <em>Bonitas<\/em> report also provides that \u201cin April 2020 rumor of a partnership between Amazon . . . &amp; AgEagle was started by a promotional video uploaded to [Chilcott\u2019s] daughter\u2019s personal website and youtube account,\u201d but <em>Bonitas<\/em> wrote that \u201c\u2019we have found no evidence of any major e-commerce customer.\u2019\u201d In 2020, AgEagle received over $23 million in proceeds from registered direct offerings. Then in the fourth quarter of 2020, according to <em>Bonitas<\/em>, an Amazon spokesperson disclosed that Amazon \u201cspecifically does not have any dealings with AgEagle whatsoever.\u201d The market was stunned by this development, with shares falling over 36% in one day, representing hundreds of millions of dollars in lost market capitalization.<\/p>\n<p align=\"justify\">Block &amp; Leviton LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jcjtk_5veucx90RcJ3dv-i0Nixly6YCiL-FlNciVcrW_bFA-heeb1XT9gUkjenffhB7dmiCziyzt20JpcKFTTya0-he-avEy1rpLfbmLKto=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a>) is investigating whether AgEagle and certain of its executives may be liable for securities fraud. If you purchased or acquired shares of AgEagle and have questions about your legal rights or possess information relevant to this investigation, please contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=a0fCx607iZ_5qj30NVu1obGjXe48GTtbXkpHNsu4qNIIyh12BLtVKkJjjRdMOXJNtMLKlNR270l1sQyWR7E7myQVcmkTusUmaUsX_yddWjo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>, or visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PYUvwzyknSDXdofu9LpQH4_K2aWu6A3R9Q9ZsLWFmIvFg2YIlwfWoszaTd4xSZnopAubn8u6_cxav7AZSClCWg5UJJC8oaeaaIDou86lXALlvtBAJo55M22hGGQ0gpu9PHbRqZigrTAGivIwpkiL3aP4AF_FXdLy7mO8cYlwvX_dwerfLyyRFvM9NGmkiqBC\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">website<\/a> for information on the case.<\/p>\n<p align=\"justify\">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=a0fCx607iZ_5qj30NVu1obGjXe48GTtbXkpHNsu4qNKTD8FgLF48uHT3BcEEZmUGENRxe_rBAMSbks767ws-XTxDdbaSRBgW3KROc3rmRuU=\" 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=jcjtk_5veucx90RcJ3dv-kdqe3VDEqBjRepiOFqVlBpRwk3nKEUkFPpkkBZ2cqge1wDfACcKrLk3izvoqzuaJO8Ii9PmKgGafinU3x_Dmck=\" 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=ODE1NzEzMCMzOTg4MjIxIzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/62626d7c-6472-49a8-a5e7-cd882cd84549\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, reminds investors that it is investigating AgEagle Aerial Systems Inc. (NYSE: UAVS) for potential violations of the federal securities laws. On February 18, 2021, Bonitas Research published a report alleging that AgEagle is \u201ca pump &amp; dump scheme orchestrated by Alpha Capital Anstalt . . . AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.\u201d The Bonitas report also provides that \u201cin April 2020 rumor of a partnership between Amazon . . . &amp; AgEagle was started by a promotional video uploaded to [Chilcott\u2019s] daughter\u2019s personal website and youtube account,\u201d but Bonitas wrote that \u201c\u2019we have found &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ageagle-aerial-systems-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: AgEagle Aerial Systems Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm&#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-440721","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: AgEagle Aerial Systems Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm - 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\/shareholder-alert-ageagle-aerial-systems-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: AgEagle Aerial Systems Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, reminds investors that it is investigating AgEagle Aerial Systems Inc. (NYSE: UAVS) for potential violations of the federal securities laws. On February 18, 2021, Bonitas Research published a report alleging that AgEagle is \u201ca pump &amp; dump scheme orchestrated by Alpha Capital Anstalt . . . AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.\u201d The Bonitas report also provides that \u201cin April 2020 rumor of a partnership between Amazon . . . &amp; AgEagle was started by a promotional video uploaded to [Chilcott\u2019s] daughter\u2019s personal website and youtube account,\u201d but Bonitas wrote that \u201c\u2019we have found &hellip; Continue reading &quot;SHAREHOLDER ALERT: AgEagle Aerial Systems Inc. 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