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Luokung Announces Favorable Ruling Granting Preliminary Injunction
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BEIJING, May 6, 2021 /PRNewswire/
Luokung Technology Corp. (NASDAQ: LKCO) ( Luokung or the Company ), a leading interactive location-based services and big data processing technology company based in China, today announced that Luokung s previously announced motion for a preliminary injunction was granted by the United States District Court for the District of Columbia (the Court ). In its ruling, the Court explained that it was preliminarily enjoining the prohibitions against Luokung in full. As a result of the ruling, the Department of Defense and other government defendants are enjoined from implementing or enforcing the designation of Luokung as a Community Chinese military company, and the resulting restrictions pursuant to Executive Order 13959.
Luokung Shares to Continue to Trade in the United States on the Nasdaq Stock Market
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BEIJING, May 6, 2021 /PRNewswire/
Luokung Technology Corp. (NASDAQ: LKCO) ( Luokung or the Company ), a leading interactive location-based services and big data processing technology company based in China, announced earlier today that Luokung s previously announced motion for a preliminary injunction was granted by the United States District Court for the District of Columbia (the Court ), and that as a result of the ruling, the Department of Defense and other government defendants are enjoined from implementing or enforcing the designation of Luokung as a Communist Chinese military company, and the resulting restrictions pursuant to Executive Order 13959.
Luokung Initiates Federal Court Case Challenging the Trump Administration s Unlawful Designation of the Company
Company Intends to Pursue All Legal Remedies to Protect Shareholders
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BEIJING, March 5, 2021 /PRNewswire/ Luokung Technology Corp. (NASDAQ: LKCO) ( Luokung or the Company ), a leading interactive location-based services and big data processing technology company based in China, today announced that it has filed a complaint together with two U.S. shareholders with the U.S. Federal District Court for the District of Columbia (the Court ), alleging that Luokung s designation as a Communist Chinese Military Company ( CCMC ) by the Trump Administration is unlawful. Luokung is asking the Court to declare that Luokung s CCMC designation is invalid and to enjoin the application of former President Trump s relevant Executive Order to Luokung.
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