AMMO Deadline: POWW Investors Have Opportunity to Lead AMMO, Inc. Securities Fraud Lawsuit

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 those wishing to serve as lead plaintiff must file with the Court by November 29, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against AMMO, Inc. - The lawsuit alleges that AMMO made false and misleading statements and failed to disclose critical information, including inadequate internal controls over financial reporting [4]. - Specific allegations include the failure to accurately disclose executive officers and related party transactions, mischaracterization of fees related to investor relations, and improper valuation of stock awards [4]. - As a result of these alleged misrepresentations, the lawsuit claims that investors suffered damages when the true details became public [4].