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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of PEN, CLOV and UAVS

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NEW YORK, NY / ACCESSWIRE / March 11, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Penumbra, Inc. (NYSE:PEN)

Investors Affected : August 3, 2020 - December 15, 2020

A class action has commenced on behalf of certain shareholders in Penumbra, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Jet 7 Xtra Flex had known design defects that made it unsafe for its normal use; (2) that Penumbra did not adequately address the risk of the Jet 7 Xtra Flex causing serious injury and deaths, which had in fact already occurred; (3) that the Jet 7 Xtra Flex was likely to be recalled due to its safety issues; and (4) as a result, Penumbra's public statements as set forth above were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/penumbra-inc-loss-submission-form/?id=13591&from=1

Clover Health Investments, Corp. (NASDAQ:CLOV)

Investors Affected : October 6, 2020 - February 3, 2021

A class action has commenced on behalf of certain shareholders in Clover Health Investments, Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Clover was the recipient of a Civil Investigative Demand from the DOJ; (ii) much of Clover's sales are driven by a major related party deal that Clover not only failed to disclose but took active steps to conceal; (iii) Clover's
subsidiary Seek Insurance failed to disclose its relationship with Clover and misled consumers as to its purported independence; (iv) Clover's software was in fact rudimentary; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/clover-health-investments-corp-loss-submission-form/?id=13591&from=1

AgEagle Aerial Systems, Inc. (NYSE:UAVS)

Investors Affected : September 3, 2019 - February 18, 2021

A class action has commenced on behalf of certain shareholders in AgEagle Aerial Systems, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public's understanding about a partnership with Amazon, Defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, Defendants' statements about AgEagle's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/ageagle-aerial-systems-inc-loss-submission-form/?id=13591&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm



View source version on accesswire.com:
https://www.accesswire.com/635112/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-PEN-CLOV-and-UAVS