LOS ANGELES, Oct. 10, 2024 – The Law Offices of Frank R. Cruz has made a clarion call for investors burdened by substantial losses to take the lead in the securities fraud class action lawsuit against AMMO, Inc. (“AMMO” or the “Company”) with the ticker symbol POWW.
Class Period: August 19, 2020 – September 24, 2024
Lead Plaintiff Deadline: November 29, 2024
The filing asserts that during the Class Period, the Defendants neglected to reveal crucial information to investors. These include the company’s deficient internal controls over financial reporting, possible inaccurate disclosure of executive officers and management members, potential related party transactions from 2020 to 2023, mischaracterization of certain fees for investor relations and legal services, inappropriate valuation of unrestricted stock awards, and the consequent materially misleading or unjustified positive statements about the Company’s business, operations, and future prospects.
Interested parties can stay updated on Twitter via twitter.com/FRC_LAW.
To become a part of the class action, investors are encouraged to either seek legal counsel or remain passive participants. For more details on this litigation or inquiries regarding rights and involvement with the ongoing class action lawsuit, contact Frank R. Cruz at The Law Offices of Frank R. Cruz in Century City, California, or visit www.frankcruzlaw.com. Email inquiries should include contact details and share purchase quantities.
It is important to note that this press release may be classified as Attorney Advertising in specific jurisdictions as per relevant laws and professional regulations.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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