LLAP DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Terran Orbital Corporation Investors to Secure Counsel Before Important November 26 Deadline in Securities Class Action – LLAP
Terran OrbitalTerran Orbital(US:LLAP) GlobeNewswire News Room·2024-11-19 18:34

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Terran Orbital Corporation during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Terran securities between August 15, 2023, and August 14, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 26, 2024 [3]. - The lawsuit claims that Terran made materially false and misleading statements regarding its ability to convert customer contracts into revenue and its liquidity situation [5]. Group 2: Rosen Law Firm's Role - Rosen Law Firm is recognized for its leadership in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception [4]. - The firm emphasizes that it actively litigates securities class actions, unlike some other law firms that may not [4]. Group 3: Case Specifics - The lawsuit alleges that Terran did not disclose the extended timeline required to convert contracts into revenue, lacked adequate liquidity, and concealed the severity of its financial situation, leading to misleading public statements [5].

LLAP DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Terran Orbital Corporation Investors to Secure Counsel Before Important November 26 Deadline in Securities Class Action – LLAP - Reportify