On or around 09/30/2020 (Date of last review)
Filing Date: September 23, 2020
According to the Complaint, Wrap Technologies, Inc. purports to develop security products for law enforcement and security personnel, including the BolaWrap 100, a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle a subject at a range of 10-25 feet.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company had concealed the results of the LAPD BolaWrap pilot program, which demonstrated that the BolaWrap was ineffective, expensive, and sparingly used in the field; and (2) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Company & Securities Information
Defendant: Wrap Technologies, Inc.
Industry: Scientific & Technical Instr.
Headquarters: United States
Ticker Symbol: WRTC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Carone Cobden, et al. v. Wrap Technologies, Inc., et al.