#United States #New York #Securities Fraud #Red Cat Holdings #RCAT

Legal Alert: Red Cat Holdings, Inc. Lawsuit

Levi & Korsinsky, LLP has issued an important notification regarding the Red Cat Holdings, Inc. (NASDAQ: RCAT) class action securities lawsuit. This announcement serves as an alert to investors about the significant developments concerning their investments from March 18, 2022, to January 15, 2025. If you are a shareholder of Red Cat Holdings affected during this period, here’s what you need to know.

Overview of the Class Action Lawsuit

The current lawsuit aims to recover losses incurred by investors who have suffered due to alleged securities fraud committed by Red Cat Holdings. According to the filed complaint, essential accusations are made against the company relating to the misrepresentation of facts.

The allegations include that the company overstated the production capacity of its Salt Lake City Facility and made misleading statements regarding their advancements in development. Furthermore, the complaint also points out discrepancies in the valuation of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, with assertions that the overall estimates provided were grossly inflated. As a result, all public statements made by the company during this timeframe were said to be materially false and misleading.

Important Deadlines and Actions

For investors who experienced losses within the noted timeframe, a crucial deadline is approaching. You have until July 22, 2025, to request the Court to appoint you as a lead plaintiff in this class action lawsuit. However, it’s important to note that, even if you do not take on the lead plaintiff role, you may still qualify for a share of any potential recovery without needing to incur any costs.

This is a golden opportunity for investors to make their voices heard and potentially recoup losses incurred due to the alleged fraud. Interested parties can get more information and connect with the legal team by following the provided resources.

Engaging with Levi & Korsinsky

Levi & Korsinsky has established a prominent reputation over the past two decades, having secured hundreds of millions of dollars for investors who have been wronged. The firm has a stellar track record in high-stakes cases, particularly within the realm of complex securities litigation. With a dedicated team of over 70 professionals, they cater specifically to the needs of their clients.

Having ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky continues to be one of the top choices for investors looking to pursue justice against corporate wrongdoing.

No Costs for Class Members

Shareholders should be reassured that participation poses no financial risk. Class members may be entitled to compensation without any out-of-pocket expenses or fees incurred. Levi & Korsinsky emphasizes that there’s no cost or obligation to participate in this class action, making it accessible for affected shareholders to seek recovery.

Conclusion

It is imperative for investors in Red Cat Holdings to stay informed about this lawsuit. If you are seeking to understand your options or would like to be a part of this movement, reach out to Joseph E. Levi, Esq. at (212) 363-7500 or via email at [email protected]. For more detailed inquiries and to facilitate your involvement, follow the provided link to connect with the legal team.

Revisit your financial plight with a firm that prioritizes investor rights. Standing together can foster accountability and bring about justice for affected shareholders at Red Cat Holdings, Inc.