Why Taser, Digital Ally, Deutsche Bank, and More Are in the Spotlight

Digital Ally, Inc. (NASDAQ:DGLY) is 6.1% in the green today after the company announced that a Federal District Court issued a ruling on October 13 that denied Taser’s request to continue the stay of discovery on the antitrust claims found in Digital Ally’s lawsuit against the company. The judge’s ruling allows Digital Ally to commence the discovery process, which will eventually include requests for the production of documents and interrogatories, among other things. CEO Stanton Ross said:

“The Company is very pleased that the court has denied Taser’s request to stay discovery on the antitrust portion of the lawsuit and intends to commence such discovery immediately. Furthermore, the Company believes that the outcome of this litigation will generally set the competitive landscape for body-worn cameras utilized by law enforcement agencies for the foreseeable future.”

None of the funds tracked by Insider Monkey owned shares of Digital Ally, Inc. (NASDAQ:DGLY) at the end of the second quarter.

Exxon Mobil Corporation (NYSE:XOM) and Total SA (ADR) (NYSE:TOT) are trending after Bloomberg reported that the $50 billion Kashagan development on the Caspian Sea has finally started exporting crude a mere 16 years after the project was first drawn up. The first shipment of 26,500 metric tons of crude has been loaded onto various pipelines after many years and billions of dollars worth of delays. The success and smooth operation of the venture, which is 16.81% owned by Exxon and 16.81% owned by Total, is important for both companies, as the project will improve both supermajor’s cash flows at a time when Brent prices are under $55 per barrel.

According to our data, 60 funds in our system were long Exxon Mobil Corporation (NYSE:XOM) at the end of June, while 16 were long Total SA (ADR) (NYSE:TOT).

Disclosure: None