Rocket Lab USA(US:RKLB) Prnewswireยท2025-03-01 01:46Core Viewpoint - A class action lawsuit has been filed against Rocket Lab USA, Inc. for allegedly misleading investors regarding its business prospects during a specified period [1][2]. Allegations - The lawsuit claims that Rocket Lab failed to disclose significant delays in its plans for three barge landing tests [2]. - A critical potable water issue was not scheduled to be resolved until January 2026, which impacted the launch pad preparation [2]. - Due to these issues, there is a substantial risk that Rocket Lab's Neutron rocket may not launch as planned in mid-2025 [2]. - The only contract for the Neutron rocket was made at a discount with an unreliable partner [2]. - Consequently, the positive statements made by the defendants regarding the company's business and prospects were materially misleading [2]. Stock Price Impact - Following the revelation of these issues on February 25, 2025, Rocket Lab's stock price dropped by $2.21, or 9.8%, closing at $20.28 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by April 28, 2025, but participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, helping shareholders recover losses and improve corporate governance since 2002 [5].