{"id":456555,"date":"2021-03-11T20:11:15","date_gmt":"2021-03-12T01:11:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456555"},"modified":"2021-03-11T20:11:15","modified_gmt":"2021-03-12T01:11:15","slug":"kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/","title":{"rendered":"Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS"},"content":{"rendered":"
\n

RADNOR, Pa., March 11, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against AgEagle Aerial Systems, Inc. (NYSE: UAVS) (\u201cAgEagle\u201d) on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021<\/em><\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n

\n
\n Investor Deadline Reminder: Investors who purchased or acquired AgEagle securities<\/em>
\n <\/strong>
\n
\n during the Class Period may, <\/em>
\n <\/strong>
\n
\n
\n no later than April 27, 2021<\/u>
\n <\/em>
\n <\/strong>
\n
\n , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at<\/em>
\n <\/strong>
\n info@ktmc.com<\/a>; or<\/strong>click <\/em><\/strong>https:\/\/www.ktmc.com\/ageagle-aerial-systems-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=eagle<\/a><\/p>\n

AgEagle is a commercial drone company that is engaged in the design, engineering, and manufacturing of commercial drones, as well as in providing drone services and solutions to the agriculture industry.<\/p>\n

The Class Period commences on September 3, 2019, when AgEagle issued a press release entitled: \u201cAgEagle Enters the Fast-Growing Commercial Drone Package Delivery Market.\u201d The subtitle read: \u201cInitial Purchase Orders Received and Testing Underway.\u201d The press release stated, in part, that AgEagle \u201creceived [its] first purchase orders to manufacture and assemble UAVs designed to meet the critical specifications for drones that are meant to carry goods in urban and suburban areas. [AgEagle] look[s] forward to providing greater detail in the near future on AgEagle\u2019s plans to address the needs of this highly specialized new market and the specific role [it] expects to play in its ongoing development.\u201d<\/p>\n

Throughout the Class Period, AgEagle signaled to investors that AgEagle had partnered with Amazon.com, Inc. (\u201cAmazon\u201d) to manufacture and assemble drones for the delivery of consumer goods.<\/p>\n

However, on October 14, 2020, news broke that Amazon did not have a partnership agreement with AgEagle, and in fact never did. The Wichita Business Journal published a story with the headline: \u201cExclusive: Who\u2019s AgEagle\u2019s big customer? We now know who it\u2019s not.\u201d The article reported that AgEagle was not partnering with Amazon.<\/p>\n

Then, on February 18, 2021, Bonitas Research published a report revealing that AgEagle \u201cwas a pump & dump scheme orchestrated by . . . AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.\u201d The report stated that \u201can Amazon spokesperson disclosed to reporter Daniel McCoy of the Witchita Business Journal that Amazon specifically does not have any dealings with AgEagle whatsoever.\u201d Following this news, shares of AgEagle fell $5.13, or 36.4%, to close at $8.96 on February 18, 2021.<\/p>\n

The complaint alleges that, throughout the Class Period, the defendants made false and\/or misleading statements and\/or failed to disclose 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, the defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, the defendants\u2019 statements about AgEagle\u2019s business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

AgEagle investors may, no later than April 27, 2021<\/u><\/em><\/strong>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.\u00a0 A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0 In order to be appointed as a lead plaintiff, the Court must determine that the class member\u2019s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0 Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>\n

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. \u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).\u00a0 The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com<\/a>.<\/p>\n

CONTACT:<\/p>\n

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

RADNOR, Pa., March 11, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against AgEagle Aerial Systems, Inc. (NYSE: UAVS) (\u201cAgEagle\u201d) on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired AgEagle securities during the Class Period may, no later than April 27, 2021 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler … <\/p>\n

Continue reading “Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS”<\/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-456555","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS - 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\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RADNOR, Pa., March 11, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against AgEagle Aerial Systems, Inc. (NYSE: UAVS) (\u201cAgEagle\u201d) on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired AgEagle securities during the Class Period may, no later than April 27, 2021 , seek to be appointed as a lead plaintiff representative of the class. 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(NYSE: UAVS) (\u201cAgEagle\u201d) on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired AgEagle securities during the Class Period may, no later than April 27, 2021 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler … Continue reading \"Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-12T01:11:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4ODkwNSM0MDYwODkzIzIwMTkzMTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS","datePublished":"2021-03-12T01:11:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/"},"wordCount":828,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4ODkwNSM0MDYwODkzIzIwMTkzMTI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-announces-a-securities-fraud-class-action-filed-against-ageagle-aerial-systems-inc-uavs\/","name":"Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against AgEagle Aerial Systems, Inc. \u2013 UAVS - 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