San Diego, CA -- (SBWire) -- 10/06/2020 --An investor, who purchased shares of Wrap Technologies, Inc. (NASDAQ: WRTC), filed a lawsuit over alleged violations of Federal Securities Laws by Wrap Technologies, Inc.
Investors who purchased shares of Wrap Technologies, Inc. (NASDAQ: WRTC) have certain options and for certain investors are short and strict deadlines running. Deadline: November 23, 2020. NASDAQ: WRTC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On September 23, 2020, a report was published alleging, among other things, that Wrap Technologies, Inc's trial pilot program for its BolaWrap product was a disaster. According to the report: "Over a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were only used nine times, and only worked once."
The plaintiff claims that between July 31, 2020 and September 23, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company had concealed the results of the LAPD BolaWrap pilot program, which demonstrated that the BolaWrap was ineffective, expensive, and sparingly used in the field, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Wrap Technologies, Inc. (NASDAQ: WRTC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:WRTC Shareholder Notice: Lawsuit Alleges Misleading Statements by Wrap Technologies, Inc.
A lawsuit was filed on behalf of investors in Wrap Technologies, Inc. (NASDAQ:WRTC) shares over alleged securities laws violations.