ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages AMMO, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – POWW
TOP Financial TOP Financial (US:TOP) GlobeNewswire News Room·2024-10-15 16:22

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AMMO, Inc. securities between August 19, 2020, and September 24, 2024, about the upcoming lead plaintiff deadline on November 29, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought AMMO securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [1]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [2]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [2]. Group 3: Case Allegations - The lawsuit alleges that AMMO made false or misleading statements and failed to disclose critical information regarding internal controls, executive disclosures, and financial reporting practices from fiscal years 2020 to 2023 [3]. - Specific allegations include inadequate internal controls, mischaracterization of fees, and improper valuation of stock awards, leading to materially misleading statements about AMMO's business and operations [3].