New York, July 15, 2021 (Universal News Agency) – Pomerantz LLP announced that it has filed a class action lawsuit against Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor” or “Company”). Dark:Rick, NVMM)) and certain officials. The class action was filed in the Northern District Court of Maryland, United States, and was recorded under 21-cv-01604, representing a class consisting of all individuals and entities other than the defendant who purchased or otherwise acquired Rekor April 2019 For securities between the 12th and May 25th, 2021 (both dates inclusive) (the “class action period”), seek compensation for losses caused by the defendant’s violation of the Federal Securities Law, and pursuant to Section 10(b) and Section 20 (a) The Securities Exchange Act of 1934 (“Exchange Act”) and Article 10b-5 promulgated pursuant to the Act, directed against companies and certain senior officials.
If you are a shareholder who purchased Rekor securities during the class action, you must request the court to appoint you as the lead plaintiff of the class action before August 30, 2021.A copy of the complaint can be obtained at the following website www.pomerantzlaw.com. To discuss this operation, please contact Robert S. Willoughby [email protected] Or 888.476.6529 (or 888.4-POMLAW), free of charge, extension. 7980. Encourage people who ask by e-mail to provide their mailing address, phone number, and the number of shares purchased.
Rekor, through its subsidiaries, provides artificial intelligence-based vehicle identification and management systems in the United States, Canada, and internationally.
One of the main drivers of Rekor’s business is its Automatic License Plate Recognition (“ALPR”) technology, which has been advertised to investors as a major market opportunity since at least 2018. For example, Rekor has been touting the allegedly lucrative prospects of its Uninsured Vehicle Enforcement Transfer (“UVED”) partnership with Oklahoma (“Oklahoma”), according to which the company received To…