NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who own Palladyne AI Corp. (“Palladyne” or the “Company”) (NASDAQ: PDYN) stock purchased September 10, 2021. (from when company was known as Rotor Acquisition Corp. (ROT)) (Previous Palladyne NASDAQ stock ticker through April 8, 2024: STRC).
Levi & Korsinsky, LLP has commenced an investigation into potential breaches of fiduciary duty by the ROT board of directors.
To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The PDYN investigation concerns whether the ROT board of directors breached its fiduciary duties owed to the company’s stockholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
