Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

DEADLINE ALERT for REKR, CCIV, and DKNG: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

08/09/2021 | 11:31am EST

LOS ANGELES, Aug. 09, 2021 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (NASDAQ: REKR)
Class Period: April 12, 2019 – May 25, 2021
Lead Plaintiff Deadline: August 30, 2021

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’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Rekor's automatic license plate recognition (“ALPR”) technology and UVED-related business is outclassed by global competitors with an established, dominant market share; (2) it was unlikely that states would pass legislation authorizing deals similar to Rekor's Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns; (3) Rekor's UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership; (4) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Churchill Capital Corporation IV (NASDAQ: LCID, CCIV)
Class Period: January 11, 2021 – February 22, 2021
Lead Plaintiff Deadline: August 30, 2021

Investors with losses exceeding $100,000 are encouraged to contact the firm

The complaint filed in this class action 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’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ: DKNG)
Class Period: December 23, 2019 – June 15, 2021
Lead Plaintiff Deadline: August 31, 2021

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’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) SBTech had a history of unlawful operations; (2) accordingly, DraftKings’ merger with SBTech exposed the Company to dealings in black-market gaming; (3) the foregoing increased the Company’s regulatory and criminal risks with respect to these transactions; (4) as a result of all the foregoing, the Company’s revenues were, in part, derived from unlawful conduct and thus unsustainable; (5) accordingly, the benefits of the Business Combination were overstated; and (6) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, 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 learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com.   If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com


Primary Logo


ę GlobeNewswire 2021
Latest news "Companies"
12:11pBLACK FRIDAY & CYBER MONDAY TEMPUR-PEDIC DEALS (2021) : Best Mattress, Pillow & More Tempur-Pedic Sales Published by Retail Egg
BU
12:01pHYZN FINAL DEADLINE NOTICE : ROSEN, TOP RANKED GLOBAL INVESTOR COUNSEL, Encourages Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation Investors with Losses to Secure Counsel Before Important November 29 Deadline in Securities Class Action – HYZN, HYZNW, DCRB, DCRBW, DCRBU
GL
12:01pBLACK FRIDAY & CYBER MONDAY SOUNDBAR DEALS 2021 : Bose, Roku, Samsung & More Soundbar Savings Reported by Deal Tomato
BU
11:46aTEMPUR-PEDIC MATTRESS BLACK FRIDAY & CYBER MONDAY DEALS (2021) : Best Tempur-ProAdapt, Tempur-LuxeAdapt & More Deals Revealed by Retail Egg
BU
11:45aSerbian anti-mining activists block roads to protest against new laws
RE
11:36aVariants Will Proliferate Unless We End Vaccine Apartheid, Says AHF
BU
11:35aSpain tightens COVID-19 restrictions for British tourists
RE
11:26aThe Best iPhone 8 & 8 Plus Black Friday & Cyber Monday Deals 2021 Rounded Up by Spending Lab
BU
11:26aSONOS SPEAKER BLACK FRIDAY & CYBER MONDAY DEALS 2021 : Sonos 5, Sonos One, Sonos Arc & More Sales Identified by The Consumer Post
BU
11:16aBLACK FRIDAY & CYBER MONDAY GARMIN WATCH DEALS 2021 : Top Garmin Venu, fenix, vivoactive & More Savings Identified by Consumer Walk
BU
Latest news "Companies"