Benzinga | Mar 8, 2021 08:36AM EST

Luokung Announces Filing Of Motion For Temporary Restraining Order Seeking To Enjoin US Government From Enforcing Executive Order Restrictions

BEIJING, March 8, 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 the Company has filed a Motion for Temporary Restraining order ("TRO") with the U.S. Federal District Court for the District of Columbia ("Court").

As announced in a press release on Friday, March 5, 2021, the Company, together with two U.S. shareholders, has filed a complaint in the Court. The complaint alleges that Luokung's designation as a "Communist Chinese military company" ("CCMC") by the Department of Defense ("DoD"), and the restrictions associated with that designation under Executive Order 13959 (or "EO 13959") signed by former President Trump, are unlawful.

As part of that case, Luokung has filed a motion for temporary emergency relief asking the Court to enter a TRO and enjoin the application or enforcement of the prohibitions in EO 13959 as they apply to Luokung.