Benzinga | Mar 5, 2021 08:33AM EST

Luokung Initiates Federal Court Case Challenging Trump Administration's Designation Of The Company As A 'Communist Chinese Military Company'

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.