NEW ORLEANS–(BUSINESS WIRE)–Former Lawyer Basic of Louisiana, Charles C. Foti, Jr., Esq., a associate on the legislation agency of Kahn Swick & Foti, LLC (“KSF”), pronounces that KSF has commenced an investigation into AgEagle Aerial Programs Inc. (NYSE: UAVS).
In September 2019, the Firm introduced its entry into the industrial package deal supply drone market. Then, in April 2020, the Firm introduced that it had obtained its first buy order and a subsequent follow-on order “from a significant unnamed ecommerce firm.” Widespread public and media hypothesis that the unnamed associate was retail big, Amazon.com, Inc., grew over the following a number of months, which the Firm didn’t deny. In October 2020, an Amazon spokesperson denied any partnership or working association with the Firm in any capability. Then, on February 18, 2021, Bonitas Analysis reported that the Firm “was a pump & dump scheme orchestrated by . . . AgEagle founder and former chairman Bret Chilcott and different UAVS insiders to defraud US traders,” and that it had discovered no proof that the Firm had any “main e-commerce buyer.”
Thereafter, the Firm and sure of its executives had been sued in a securities class motion lawsuit, charging them with failing to reveal materials info throughout the Class Interval, violating federal securities legal guidelines, which stays ongoing.
KSF’s investigation is specializing in whether or not AgEagle’s officers and/or administrators breached their fiduciary duties to AgEagle’s shareholders or in any other case violated state or federal legal guidelines.
In case you have info that may help KSF in its investigation, or have been a long-term holder of AgEagle shares and want to talk about your authorized rights, you might, with out obligation or value to you, name toll-free at 1-877-515-1850 or e-mail KSF Managing Accomplice Lewis Kahn (firstname.lastname@example.org), or go to https://www.ksfcounsel.com/cases/nyse-uavs/ to be taught extra.
About Kahn Swick & Foti, LLC
KSF, whose companions embrace former Louisiana Lawyer Basic Charles C. Foti, Jr., is without doubt one of the nation’s premier boutique securities litigation legislation companies. KSF serves quite a lot of purchasers – together with public institutional traders, hedge funds, cash managers and retail traders – in searching for to recuperate funding losses resulting from company fraud and malfeasance by publicly traded firms. KSF has places of work in New York, California and Louisiana.
To be taught extra about KSF, you might go to www.ksfcounsel.com.