Drone Package Delivery Company Exploited Rumors of Partnership With Amazon, Securities Suit Claims
This suit was surfaced by Law.com Radar. Read the complaint here.
July 28, 2021 at 12:17 AM
1 minute read
Glancy Prongay & Murray filed a shareholder derivative lawsuit Tuesday in California Central District Court against drone package delivery company AgEagle Aerial Systems and members of its board. The complaint, filed on behalf of Jorge Granja, accuses the company of perpetuating and exploiting rumors that it had partnered with Amazon in order to inflate its stock price. Counsel have not yet appeared for the defendants. The case is 2:21-cv-06056, Granja v. Drozd et al.
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