LOS ANGELES, CA / ACCESSWIRE / September 26, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wrap Technologies, Inc. ("Wrap" or "the Company") (NASDAQ:WRTC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Wrap is the subject of a report published by White Diamond Research on September 23, 2020. The report alleges that the Company's pilot program for its BolaWrap product was a disaster that it has not disclosed to investors. According to the report, during a six-month trial, 200 BolaWrap devices "were only used nine times, and only worked once." Based on this news, shares of Wrap dropped by more than 25% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm