{"id":474301,"date":"2021-04-09T12:03:09","date_gmt":"2021-04-09T16:03:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474301"},"modified":"2021-04-09T12:03:09","modified_gmt":"2021-04-09T16:03:09","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ageagle-aerial-systems-inc-uavs-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ageagle-aerial-systems-inc-uavs-3\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. (UAVS)"},"content":{"rendered":"<h2>\nShareholders with $10,000 losses or more are encouraged to contact the firm<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">LOS ANGELES, April  09, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qphagzti0Q3uIGO5_2c90CBOcwTOebJWqhBb84zCUf0ZGAL5VuPb13igIL00S4KSABsBHHacUFGXO1qLMqf3b05UeoVF5EENJwwos0CEu7o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>April 27, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired AgEagle Aerial Systems Inc. (\u201cAgEagle\u201d or the \u201cCompany\u201d) (NYSE: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i9p2avAE8utT_ibijuXIAtXsGOik37WeEb0gpAOjLBvVo3X3QuF29bC3D7QrGLdu0kAtZnuwXlfrosjkaE5CXQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">UAVS<\/a>) securities between <strong>September 3, 2019 and February 18, 2021<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your AgEagle investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p1KUw--LvNf9wCjl69h3Qyx8KjHh7APj1R3bHE4PYo9cdZ8or3JEu-TAru8ogjFAhz9HEMTxlqldPMJ4U7ptqNZSmk2LHY4ItvKsoLjsRUdnIRVQ-sCwtlSy0r6n_WVgFctGqhM7I487aC-yWKv3htWuuVJRH4ZOOGhRItgEyMUMwcYfEybbB-FRWK-4y8v8\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/ageagle-aerial-systems-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6M-7ND9Wh6TkOTUhLm-aatYTQQwTuiKW4HnaSx5Vy-xQ5n79WqbtCZOB5ZWq2X4OQQllqnidCcxUt3wLK49ih1742JMpQ9mpJmzT7BA11pZpsxzaF6krt-zBVRXI8dB5\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle \u201cwas a pump &amp; 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 . . . &amp; 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.<\/p>\n<p>On 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.<\/p>\n<p>The 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&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>If you purchased or otherwise acquired AgEagle securities during the Class Period, you may move the Court no later than\u00a0<strong>April 27, 2021 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action 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 action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6M-7ND9Wh6TkOTUhLm-aatYTQQwTuiKW4HnaSx5Vy-ydei1oixSko_yLzxmXc9XkCynpSXhzauE9xp4mcL8oDAvG72PhR1ImP6OFOG2icBVF6rN46_3PvEo_0gdKKmGT\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4bi9Dx7zbFgEaFCy2vk4IMT3VHd8IjW9FC8VT7XBX60P35_kuKtBfovKAcD9k2EftBeptmCU6mMkPFtjyAhTXA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts<\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles<br \/>Charles Linehan, 310-201-9150 or 888-773-9224<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6M-7ND9Wh6TkOTUhLm-aatYTQQwTuiKW4HnaSx5Vy-zlY7iMc4VasDEk4agGTI2FL8sJkBYTQBCxSoXktQ7jc1AoAsrWeOhoiDkNHWzYD5y4ui-BKMlw9LRTQ_mbrTD0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4bi9Dx7zbFgEaFCy2vk4INopk3O78Tu-Hqhj3QLqTDXxP8eQa9I81pjRcp7f9HKJ7kpbQu31Md3w5tM6LGbynQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDA4OSM0MTEyOTgwIzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5f107e34-9d4b-4612-84ce-af8690db1e48\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders with $10,000 losses or more are encouraged to contact the firm LOS ANGELES, April 09, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 27, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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). If you suffered a loss on your AgEagle investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/ageagle-aerial-systems-inc\/. You can also contact Charles H. Linehan, of GPM &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ageagle-aerial-systems-inc-uavs-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. (UAVS)&#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-474301","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. (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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ageagle-aerial-systems-inc-uavs-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. (UAVS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Shareholders with $10,000 losses or more are encouraged to contact the firm LOS ANGELES, April 09, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 27, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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). If you suffered a loss on your AgEagle investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/ageagle-aerial-systems-inc\/. You can also contact Charles H. Linehan, of GPM &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. 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Linehan, of GPM &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against AgEagle Aerial Systems Inc. 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