Levi & Korsinsky, LLP announces that a REKR class action lawsuit has been filed on behalf of investors who purchased Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (REKR) securities between April 12, 2019 – May 25, 2021, For more on the REKR Lawsuit please contact us today.
According to the Rekor Systems, Inc. f/k/a Novume Solutions lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Rekor’s ALPR technology and UVED-related business are outclassed by global competitors with an established, dominant market share; (ii) 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; (iii) 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; (iv) accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Rekor Systems, Inc. f/k/a Novume Solutions you have until August 30, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171