Rekor Systems, Inc. Securities Litigation

Filing Deadline: August 30, 2021

If you purchased a significant amount of shares of Rekor Systems Inc. Common Stock (NASDAQ: REKR), you have certain options. Investors should contact us before August 30, 2021.

 

Lawsuit Overview

Defendant:Rekor Systems Inc. Common Stock
Date Filed:June 29th, 2021
Sector:Capital Goods
Industry:Telecommunications Equipment
Class Start Date:April 12th, 2019
Class End Date:May 25th, 2021

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Rekor’s ALPR technology and UVED-related business is 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.

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First Identified Complaint

Robert Keith Miller, et al. v. Rekor Systems, Inc., et al.

Date Filed:June 29th, 2021
Class Period Start:April 12th, 2019
Class Period End:May 25th, 2021
First Identified Complaint Filings
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