Rocket Lab USA(US:RKLB) Globenewswire·2025-03-06 17:20Core Viewpoint - Rocket Lab USA, Inc. is facing a class action lawsuit due to allegations of materially false and misleading statements regarding its operations and future prospects during the specified class period [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 12, 2024, to February 25, 2025 [3]. - Allegations include significant delays in the company's plans for three barge landing tests, a critical potable water issue not scheduled for resolution until January 2026, and a substantial risk that the Neutron rocket would not launch as planned in mid-2025 [3]. Impact on Business Operations - The lawsuit claims that the only contract for the Neutron rocket was made at a discount with an unreliable partner, which further undermines the company's positive statements about its business and operations [3]. Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by April 28, 2025, to potentially participate in recovery efforts [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Law Firm's Commitment - The Gross Law Firm, which is leading the class action, emphasizes its mission to protect investors' rights and ensure companies adhere to responsible business practices [5].