New York, New York – (Newsfile Corp. – July 16, 2021) – Klein law firm announces that a class action lawsuit has been filed on behalf of the shareholders of Rekor Systems, Inc. f / k / a Novume Solutions, Inc (NASDAQ: REKR) alleging that the Company violated federal securities laws.
Class period: April 12, 2019 and May 25, 2021
Lead applicant’s deadline: August 30, 2021
No obligation or cost to you.
Find out more about your recoverable losses in REKR:
Rekor Systems, Inc. f / k / a Novume Solutions, Inc. NEWS – REKR NEWS
CLASS ACTION CASE DETAILS: The complaint filed alleges that Rekor Systems, Inc. f / k / a Novume Solutions, Inc. made materially false and / or misleading statements and / or did not disclose that: (i) automatic plate recognition technology Rekor’s Vehicle Registration (âRAPIâ) and Uninsured Vehicle Diversion (âUVEDâ) business outclassed by global competitors with an established and dominant market share; (ii) states were unlikely to pass legislation authorizing agreements similar to Rekor’s Oklahoma UVED Partnership due, among other things, to state and local privacy laws and related public concerns; (iii) Rekor’s UVED partnership was not as profitable as the defendants had led investors to believe due to known barriers to enrollment rates and costs associated with the partnership; (iv) as a result, Rekor overestimated its potential revenues, profitability and overall business prospects related to ALPR and UVED; and (v) accordingly, the Company’s public statements were materially false and misleading at all material times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in Rekor Systems, you have up to August 30, 2021 apply to the court for principal applicant status. Your ability to participate in any recovery does not require you to serve as the principal applicant.
NO COT FOR YOU: If you have purchased securities of Rekor Systems during the relevant period, you may be entitled to compensation without payment of reimbursable costs.
ABOUT THE KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud nationwide. Klein Law Firm is a litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertising. Past results do not guarantee similar results.
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