The Law Offices of Frank R. Cruz Announces Investigation of Wrap Technologies, Inc. (WRTC) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of Wrap Technologies, Inc. (WRTC) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Wrap Technologies, Inc. (“Wrap” or the “Company”) (NASDAQ: WRTC) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On September 23, 2020, White Diamond Research published a report alleging, among other things, that Wrap’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.”
On this news, Wrap’s shares fell $2.07 per share, or 25%, to close at $6.07 per share on September 23, 2020, thereby injuring investors.
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If you purchased Wrap securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
