Truemors
This is definitely a new form of "don't taze me, bro" as the Securities and Exchange Commission comes down hard on a TASER® stun gun competitor operating in Florida. They're headed to federal court on charges of inflating stock prices by misrepresenting the zip in their clip.
Those charges are only part of an ongoing feud between TASER® International, Inc and Stinger Systems. The high-powered legal battles are being waged in various courtrooms and in rapid-fire 'dissing of each other.
And you think the mean streets are where the tazing action is.
A competitor to the now-notorious Taser Brand of electrical stun gun now faces a federal lawsuit for what the Security and Exchange Commission is calling "misrepresentation" that led to inflated stock prices on the NASDAQ exchange. It's not the first go-round in court for Stinger Systems of Tampa, Fl, either.
In 2004 their competitor TASER® International, Inc. (NASDAQ: TASR), filed a lawsuit United States District Court for the Western District of North Carolina against Stinger Systems, Inc. . TASR 's press released alleged that "Stinger Systems has engaged in a pattern of false advertising and unlawful patent marking in violation of federal law."
Stinger, however, hasn't been shy about their competing claims.
Stinger brand stun gun photo: company press release file photo.
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