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CLASS ACTION UPDATE for UAVS, EBIX and LDOS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Monday, 19 April 2021 01:45 PM

Levi & Korsinsky, LLP

Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / April 19, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

UAVS Shareholders Click Here: https://www.zlk.com/pslra-1/ageagle-aerial-systems-inc-information-request-form?prid=14854&wire=1
EBIX Shareholders Click Here: https://www.zlk.com/pslra-1/ebix-inc-loss-submission-form?prid=14854&wire=1
LDOS Shareholders Click Here: https://www.zlk.com/pslra-1/leidos-holdings-inc-loss-submission-form?prid=14854&wire=1

* ADDITIONAL INFORMATION BELOW *

Levi & Korsinsky, LLP, Monday, April 19, 2021, Press release picture

AgEagle Aerial Systems, Inc. (NYSE:UAVS)

UAVS Lawsuit on behalf of: investors who purchased September 3, 2019 - February 18, 2021
Lead Plaintiff Deadline: April 27, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/ageagle-aerial-systems-inc-information-request-form?prid=14854&wire=1

According to the filed complaint, during the class period, AgEagle Aerial Systems, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public's understanding about a partnership with Amazon, Defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, Defendants' statements about AgEagle's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Ebix, Inc. (NASDAQ:EBIX)

EBIX Lawsuit on behalf of: investors who purchased November 9, 2020 - February 19, 2021
Lead Plaintiff Deadline: April 23, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/ebix-inc-loss-submission-form?prid=14854&wire=1

According to the filed complaint, during the class period, Ebix, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix's gift card business in India during the fourth quarter of 2020; (2) there was a material weakness in Company's internal controls over the gift or prepaid revenue transaction cycle; and (3) the Company's independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix's outside legal counsel; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Leidos Holdings, Inc. (NYSE:LDOS)

LDOS Lawsuit on behalf of: investors who purchased May 4, 2020 - February 23, 2021
Lead Plaintiff Deadline: May 3, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/leidos-holdings-inc-loss-submission-form?prid=14854&wire=1

According to the filed complaint, during the class period, Leidos Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the purported benefits of the Company's acquisition of L3Harris' Security Detection & Automation businesses were significantly overstated; (2) Leidos' products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders; (3) as a result of the foregoing, the Company's financial results were significantly overstated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
https://www.zlk.com

SOURCE: Levi & Korsinsky, LLP

Topic:
Lawsuits
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