Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of AMMO, Inc. securities, alleging misleading statements and inadequate internal controls during the Class Period from August 19, 2020, to September 24, 2024 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that AMMO made false and misleading statements regarding its financial reporting and internal controls [5]. - Specific allegations include failure to disclose executive officers, mischaracterization of fees related to investor relations, and improper valuation of stock awards [5]. - The lawsuit asserts that these misleading statements resulted in investor damages when the true information became public [5]. Group 2: Participation Information - Investors who purchased AMMO securities during the Class Period may be entitled to compensation without upfront fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly [3][6]. - A lead plaintiff must file a motion with the court by November 29, 2024, to represent other class members [1][3]. Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, highlighting its effectiveness in representing client interests [4].
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages AMMO, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – POWW