{"id":470372,"date":"2021-04-02T12:32:11","date_gmt":"2021-04-02T16:32:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470372"},"modified":"2021-04-02T12:32:11","modified_gmt":"2021-04-02T16:32:11","slug":"shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/","title":{"rendered":"SHAREHOLDER ALERT:  Kessler Topaz Meltzer &amp; Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against AgEagle Aerial Systems, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">RADNOR, Pa.<\/span>, <span class=\"xn-chron\">April 2, 2021<\/span> \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds AgEagle Aerial Systems, Inc. (NYSE: \u00a0UAVS) (&#8220;AgEagle&#8221;) investors that a securities fraud class action lawsuit filed on behalf of those who purchased or acquired AgEagle securities <b><i>between <span class=\"xn-chron\">September 3, 2019<\/span> and <span class=\"xn-chron\">February 18, 2021<\/span><\/i><\/b>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" title=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" alt=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b><br \/>\n          <i>Investor Deadline Reminder:\u00a0 Investors who purchased or acquired AgEagle securities<\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>during the Class Period may, <u>no later than <span class=\"xn-chron\">April 27, 2021<\/span><\/u>, 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 &amp; Check, LLP:\u00a0 <span class=\"xn-person\">James Maro, Esq.<\/span> (484) 270-1453 or <span class=\"xn-person\">Adrienne Bell, Esq.<\/span> (484) 270-1435; toll free at (844) 887-9500; via e-mail at<\/i><br \/>\n        <\/b><br \/>\n        <a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a>; <b>or<\/b><b><i>click <\/i><\/b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116165-1&amp;h=493007366&amp;u=https%3A%2F%2Fwww.ktmc.com%2Fageagle-aerial-systems-class-action-lawsuit%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Deagle&amp;a=https%3A%2F%2Fwww.ktmc.com%2Fageagle-aerial-systems-class-action-lawsuit%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Deagle\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ktmc.com\/ageagle-aerial-systems-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=eagle<\/a>\u00a0<\/p>\n<p>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<p>The Class Period commences on <span class=\"xn-chron\">September 3, 2019<\/span>, when AgEagle issued a press release entitled: &#8220;AgEagle Enters the Fast-Growing Commercial Drone Package Delivery Market.&#8221; The subtitle read: &#8220;Initial Purchase Orders Received and Testing Underway.&#8221;\u00a0 The press release stated, in part, that AgEagle &#8220;received [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&#8217;s plans to address the needs of this highly specialized new market and the specific role [it] expects to play in its ongoing development.&#8221; <\/p>\n<p>Throughout the Class Period, AgEagle signaled to investors that AgEagle had partnered with Amazon.com, Inc. (&#8220;Amazon&#8221;) to manufacture and assemble drones for the delivery of consumer goods. <\/p>\n<p>However, on <span class=\"xn-chron\">October 14, 2020<\/span>, 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: &#8220;Exclusive: Who&#8217;s AgEagle&#8217;s big customer? We now know who it&#8217;s not.&#8221; The article reported that AgEagle was not partnering with Amazon. <\/p>\n<p>Then, on <span class=\"xn-chron\">February 18, 2021<\/span>, Bonitas Research published a report revealing that AgEagle &#8220;was a pump &amp; dump scheme orchestrated by . . . AgEagle founder and former chairman <span class=\"xn-person\">Bret Chilcott<\/span> and other UAVS insiders to defraud US investors.&#8221;\u00a0 The report stated that &#8220;an Amazon spokesperson disclosed to reporter <span class=\"xn-person\">Daniel McCoy<\/span> of the Witchita Business Journal that Amazon specifically does not have any dealings with AgEagle whatsoever.&#8221; Following this news, shares of AgEagle fell <span class=\"xn-money\">$5.13<\/span>, or 36.4%, to close at <span class=\"xn-money\">$8.96<\/span> on <span class=\"xn-chron\">February 18, 2021<\/span>. <\/p>\n<p>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&#8217;s 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&#8217; statements about AgEagle&#8217;s business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>AgEagle<b>\u00a0<\/b>investors may, <b><i><u>no later than <span class=\"xn-chron\">April 27, 2021<\/span><\/u><\/i><\/b>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; 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&#8217;s 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<p>Kessler Topaz Meltzer &amp; 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 &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from <span class=\"xn-location\">the United States<\/span> 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 &amp; Check, LLP. For more information about Kessler Topaz Meltzer &amp; Check, LLP please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116165-1&amp;h=3857573322&amp;u=http%3A%2F%2Fwww.ktmc.com%2F&amp;a=www.ktmc.com\" rel=\"nofollow noopener noreferrer\">www.ktmc.com<\/a>.<\/p>\n<p>CONTACT:<br \/>Kessler Topaz Meltzer &amp; Check, LLP<br \/><span class=\"xn-person\">James Maro, Jr., Esq.<\/span><br \/><span class=\"xn-person\">Adrienne Bell, Esq.<\/span><br \/>280 King of Prussia Road<br \/><span class=\"xn-location\">Radnor, PA<\/span> 19087<br \/>(844) 887-9500 (toll free)<br \/><a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC29300&amp;sd=2021-04-02\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert--kessler-topaz-meltzer--check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc-301261184.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert&#8211;kessler-topaz-meltzer&#8211;check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc-301261184.html<\/a><\/p>\n<p>SOURCE  Kessler Topaz Meltzer &amp; Check, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC29300&amp;Transmission_Id=202104021229PR_NEWS_USPR_____DC29300&amp;DateId=20210402\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire RADNOR, Pa., April 2, 2021 \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds AgEagle Aerial Systems, Inc. (NYSE: \u00a0UAVS) (&#8220;AgEagle&#8221;) investors that a securities fraud class action lawsuit filed on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the &#8220;Class Period&#8221;). Investor Deadline Reminder:\u00a0 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 Topaz Meltzer &amp; Check, LLP:\u00a0 James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT:  Kessler Topaz Meltzer &amp; Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against AgEagle Aerial Systems, Inc.&#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-470372","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>SHAREHOLDER ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against AgEagle Aerial Systems, Inc. - 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-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against AgEagle Aerial Systems, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., April 2, 2021 \/PRNewswire\/ &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds AgEagle Aerial Systems, Inc. (NYSE: \u00a0UAVS) (&#8220;AgEagle&#8221;) investors that a securities fraud class action lawsuit filed on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the &#8220;Class Period&#8221;). Investor Deadline Reminder:\u00a0 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 Topaz Meltzer &amp; Check, LLP:\u00a0 James Maro, Esq. 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(NYSE: \u00a0UAVS) (&#8220;AgEagle&#8221;) investors that a securities fraud class action lawsuit filed on behalf of those who purchased or acquired AgEagle securities between September 3, 2019 and February 18, 2021, inclusive (the &#8220;Class Period&#8221;). Investor Deadline Reminder:\u00a0 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 Topaz Meltzer &amp; Check, LLP:\u00a0 James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. &hellip; Continue reading \"SHAREHOLDER ALERT: Kessler Topaz Meltzer &amp; Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against AgEagle Aerial Systems, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-02T16:32:11+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg","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\/shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kessler-topaz-meltzer-check-llp-announces-securities-fraud-class-action-lawsuit-filed-against-ageagle-aerial-systems-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Kessler Topaz Meltzer &amp; 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