Workflow
RKLB Investors Have Opportunity to Lead Rocket Lab USA, Inc. Securities Fraud Lawsuit
Rocket Lab USARocket Lab USA(US:RKLB) Prnewswireยท2025-02-28 20:15

Core Viewpoint - A class action lawsuit has been filed against Rocket Lab USA, Inc. for alleged misleading statements and undisclosed delays affecting the company's operations and prospects during the specified Class Period from November 12, 2024, to February 25, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Rocket Lab made false and misleading statements regarding the delays in their barge landing tests and a critical potable water issue that would not be resolved until January 2026, impacting the launch pad preparation [5]. - It is alleged that these issues pose a substantial risk to the launch of Rocket Lab's Neutron rocket, originally scheduled for mid-2025, and that the only contract for Neutron was made at a discount with an unreliable partner [5]. - The lawsuit asserts that the positive statements made by the defendants about Rocket Lab's business and prospects were materially misleading and lacked a reasonable basis, leading to investor damages when the true details became public [5]. Group 2: Participation Information - Investors who purchased Rocket Lab securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by April 28, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [4].