{"id":511674,"date":"2021-07-12T08:03:30","date_gmt":"2021-07-12T12:03:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/"},"modified":"2021-07-12T08:03:30","modified_gmt":"2021-07-12T12:03:30","slug":"lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/","title":{"rendered":"LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BOSTON, July  12, 2021  (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton announces that a class action lawsuit has been filed against Rekor Systems, Inc. (NASDAQ: REKR) f\/k\/a Novume Solutions, Inc. (NVMM) and certain of its officers for securities fraud. Investors who purchased Rekor shares between April 12, 2019 and May 25, 2021 and lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=26BHULZLpy732qIIRgX0h8sHLvfl_XZpziGNnInk-KO5kChohbfk1Jx0dxe6U4j46fP5cWK-dK9U2IOIXaxFL8iJADFDSpe39bx7nlRS2uU=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a> or to visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rHvzP0hAkjMMufZoPnW7H9SOtHj1tefHfZYAP60AzLud9beb0fnmSRBo5GIcoiSOuyfSec2Ox3l2j7Mj0NPTrCyKp37QLGbSd750oWXhitQ=\" rel=\"nofollow noopener\" target=\"_blank\">website<\/a> for more information on the case.<\/p>\n<p>Rekor Systems develops and distributes automatic license plate recognition technology. On May 26, 2021, investment analyst Western Edge issued a report stating that Rekor Systems\u2019 \u201crealized results suggest management\u2019s potential revenue guidance could be overstated by up to 80%.\u201d The report raised additional concerns about the program\u2019s economic feasibility and the costs associated in the absence of a robust process for levying and collecting fines from violators. On the same day, another independent analyst, Mariner Research Group, issued its own detailed report outlining numerous false statements made by the CEO about the Company\u2019s projected revenue from future contracts with the State of Oklahoma. In January 2021, the CEO had announced a revenue opportunity of $45 million over the life of a three-year contract with the State which in actuality amounted to $1.6 million over the same period. On this news, share prices dropped 3.9%.<\/p>\n<p>The deadline to seek appointment as lead plaintiff is August 30, 2021. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n<p>Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block &amp; Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation&#8217;s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.<\/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:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=26BHULZLpy732qIIRgX0h8sHLvfl_XZpziGNnInk-KNuJXuNuINhFa0y4LOTOD9wTHAnsGXq5oyV0id6H-5TATKuVPNtUSqAO9r5gpUNuAk=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a>\u00a0<br \/>SOURCE: Block &amp; Leviton LLP<br \/>www.blockleviton.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODE4NCM0MjkwNzg2IzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7f2b5cd9-932f-4aec-a8a2-e9603ffaa10f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, July 12, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton announces that a class action lawsuit has been filed against Rekor Systems, Inc. (NASDAQ: REKR) f\/k\/a Novume Solutions, Inc. (NVMM) and certain of its officers for securities fraud. Investors who purchased Rekor shares between April 12, 2019 and May 25, 2021 and lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com or to visit our website for more information on the case. Rekor Systems develops and distributes automatic license plate recognition technology. On May 26, 2021, investment analyst Western Edge issued a report stating that Rekor Systems\u2019 \u201crealized results suggest management\u2019s potential revenue guidance could be overstated by up to 80%.\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information&#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-511674","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information - 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\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, July 12, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton announces that a class action lawsuit has been filed against Rekor Systems, Inc. (NASDAQ: REKR) f\/k\/a Novume Solutions, Inc. (NVMM) and certain of its officers for securities fraud. Investors who purchased Rekor shares between April 12, 2019 and May 25, 2021 and lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com or to visit our website for more information on the case. Rekor Systems develops and distributes automatic license plate recognition technology. On May 26, 2021, investment analyst Western Edge issued a report stating that Rekor Systems\u2019 \u201crealized results suggest management\u2019s potential revenue guidance could be overstated by up to 80%.\u201d &hellip; Continue reading &quot;LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T12:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODE4NCM0MjkwNzg2IzIwMTgxMTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; 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(NASDAQ: REKR) f\/k\/a Novume Solutions, Inc. (NVMM) and certain of its officers for securities fraud. Investors who purchased Rekor shares between April 12, 2019 and May 25, 2021 and lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com or to visit our website for more information on the case. Rekor Systems develops and distributes automatic license plate recognition technology. On May 26, 2021, investment analyst Western Edge issued a report stating that Rekor Systems\u2019 \u201crealized results suggest management\u2019s potential revenue guidance could be overstated by up to 80%.\u201d &hellip; Continue reading \"LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; Investors Should Contact Block &amp; Leviton for More Information\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-12T12:03:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODE4NCM0MjkwNzg2IzIwMTgxMTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-rekor-systems-sued-for-securities-fraud-investors-should-contact-block-leviton-for-more-information-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LAWSUIT FILED: Rekor Systems Sued for Securities Fraud; 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