#USA #New York #Levi Korsinsky #Red Cat Holdings #RCAT

Red Cat Holdings, Inc. Class Action Overview

Red Cat Holdings, Inc. (NASDAQ: RCAT) is currently facing a class action lawsuit, which has drawn the attention of those investing in the company. This legal action, initiated by Levi & Korsinsky, LLP, aims to recover losses incurred by investors who may have been affected by alleged securities fraud dating from March 18, 2022, to January 15, 2025. The deadline for prospective lead plaintiffs to step forward is set for July 22, 2025.

Details of the Class Action

The allegations against Red Cat Holdings include claims that the company made false statements and hid material information regarding its business operations. The lawsuit details specific claims:
1. The company exaggerated the production capacity of its facility in Salt Lake City.
2. There were misleading claims concerning the valuation of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract.
3. Overall, these misrepresentations led to public statements that were materially false and misleading.

Potential participants in this class action lawsuit are encouraged to consider their eligibility and can find more information through Levi & Korsinsky's dedicated resources. Investors who have experienced losses during the stated period are urged to act promptly, as legal avenues for recourse may be available to them.

Steps for Investors

If you are an investor in Red Cat Holdings, there are several steps you can take to involve yourself in this class action:

• - Contact Levi & Korsinsky: Reach out via email at [email protected] or by telephone at (212) 363-7500 for guidance.
• - Get Informed: Interested investors should familiarize themselves with the details of the case. Understanding the context and the specifics of the allegations can significantly impact your decision to participate.
• - Act Before Deadline: Mark your calendars for July 22, 2025. This is the crucial date by which you must request to be appointed as lead plaintiff if you wish to take on an active role in the litigation process. However, participation as a class member does not necessarily require this role.

No Cost Involved

One crucial element of this class action is that participating investors may not be required to bear any out-of-pocket expenses. The legal team at Levi & Korsinsky will cover associated costs, making it easier for investors to claim their rights without financial risk.

The Levi & Korsinsky Advantage

Levi & Korsinsky has built a noteworthy reputation in the field of securities litigation. Over the past two decades, the firm has secured hundreds of millions in compensation for investors and has been recognized as one of the top firms in this area, consistently ranking in ISS Securities Class Action Services' Top 50 Report. Their expertise can prove vital for affected shareholders navigating this challenging landscape.

Conclusion

As the case unfolds, more details are likely to emerge regarding the actions taken by Red Cat Holdings and how they may have misled their investors. If you believe that you have suffered losses during the specified time frame, it is imperative to act swiftly. Ensure you can voice your concerns through the correct legal channels and explore your options for recovery. This class action lawsuit serves as a reminder of the importance of transparency and accountability within publicly traded companies. For further developments, stay tuned to announcements from Levi & Korsinsky, LLP.