Investor Alert: Kaplan Fox Investigates Wrap Technologies, Inc. For Potential Securities Fraud

NEW YORK, Oct. 5, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Wrap Technologies, Inc. ("Wrap Technologies" or the "Company") (NASDAQ: WRTC).  A complaint has been filed on behalf of investors who purchased or otherwise acquired Fluidigm securities between July 31, 2020 and September 23, 2020, inclusive (the "Class Period").

According to the complaint, on September 23, 2020, White Diamond Research published a report entitled "Wrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated To Investors" (the "White Diamond Report").  The White Diamond Report alleged, among other things, that the Company's trial pilot program with the Los Angeles Police Department for the Company's BolaWrap "remote handcuff" technology was a disaster, and that the Company had not disclosed the pilot program's results to investors. 

On this news, Wrap's stock price fell $2.07 per share, or 25.43%, to close at $6.07 per share on September 23, 2020.

If you are a member of the proposed Class, you may move the court no later than November 23, 2020 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing [email protected] or by calling 646-315-9003.

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

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact:

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: dhall@@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP