{"id":450990,"date":"2021-03-04T11:03:07","date_gmt":"2021-03-04T16:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450990"},"modified":"2021-03-04T11:03:07","modified_gmt":"2021-03-04T16:03:07","slug":"the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-ageagle-aerial-systems-inc-uavs-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-ageagle-aerial-systems-inc-uavs-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. (UAVS) Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. (UAVS) Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired AgEagle Aerial Systems Inc. (\u201cAgEagle\u201d or the \u201cCompany\u201d) (NYSE: UAVS<\/a>) securities between September 3, 2019 and February 18, 2021<\/b>, inclusive (the \u201cClass Period\u201d). AgEagle investors have until April 27, 2021 <\/b>to file a lead plaintiff motion.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle \u201cwas a pump & dump scheme orchestrated by Alpha Capital Anstalt (\u2018Alpha Capital\u2019), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.\u201d The report also alleged that \u201cin April 2020 rumor of a partnership between Amazon . . . & AgEagle was started by a promotional video uploaded to AgEagle\u2019s founder and former chairman Bret Chilcott\u2019s daughter\u2019s personal website and youtube account\u201d but that \u201cwe have found no evidence of any \u2018major e-commerce customer.\u2019\u201d In mid-2020, AgEagle received over $23 million in proceeds from registered direct offerings. Then, in fourth quarter 2020, an Amazon spokesperson stated that the company does not have any dealings with AgEagle whatsoever.\n<\/p>\n

\nOn this news, AgEagle\u2019s share price fell $5.13, or 36.4%, to close at $8.96 per share on February 18, 2021, thereby injuring investors.\n<\/p>\n

\nThe complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public\u2019s understanding about a partnership with Amazon, defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased AgEagle securities during the Class Period, you may move the Court no later than April 27, 2021 <\/b>to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased AgEagle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304005306\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. (UAVS) Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired AgEagle Aerial Systems Inc. (\u201cAgEagle\u201d or the \u201cCompany\u201d) (NYSE: UAVS) securities between September 3, 2019 and February 18, 2021, inclusive (the \u201cClass Period\u201d). AgEagle investors have until April 27, 2021 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle \u201cwas a pump … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. (UAVS) Investors”<\/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-450990","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. 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Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired AgEagle Aerial Systems Inc. (\u201cAgEagle\u201d or the \u201cCompany\u201d) (NYSE: UAVS) securities between September 3, 2019 and February 18, 2021, inclusive (the \u201cClass Period\u201d). AgEagle investors have until April 27, 2021 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle \u201cwas a pump … Continue reading "The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AgEagle Aerial Systems Inc. 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