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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Rocket Lab USA, Inc. (RKLB)
Rocket Lab USARocket Lab USA(US:RKLB) GlobeNewswire News Room·2025-02-28 21:59

Core Viewpoint - A securities class action lawsuit has been filed against Rocket Lab USA, Inc. for allegedly making false and misleading statements regarding its operations and future prospects [1][2]. Group 1: Allegations Against Rocket Lab - The lawsuit claims that Rocket Lab's plans for three barge landing tests were significantly delayed [2]. - A critical potable water issue was not scheduled to be resolved until January 2026, which hindered the preparation of the launch pad [2]. - Due to these delays, there is a substantial risk that Rocket Lab's Neutron rocket will not launch in mid-2025 [2]. - The only contract for the Neutron rocket was made at a discount with an unreliable partner [2]. - As a result of these issues, the positive statements made by the defendants about Rocket Lab's business and prospects were materially misleading [2]. Group 2: Investor Information - Investors who purchased Rocket Lab shares during the class period (November 12, 2024, to February 25, 2025) are encouraged to contact the law firm before the lead plaintiff motion deadline on April 28, 2025 [3].