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RKLB INVESTOR NOTICE: Rocket Lab USA, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
RKLBRocket Lab USA(RKLB) Prnewswire·2025-03-08 14:31

Core Viewpoint - The Rocket Lab USA, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding its Neutron rocket launch plans and operational delays [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Bray v. Rocket Lab USA, Inc., and covers purchasers of Rocket Lab securities from November 12, 2024, to February 25, 2025 [1]. - Investors have until April 28, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Rocket Lab's executives made false statements and failed to disclose significant delays in their operations, particularly regarding the Neutron rocket [3]. Group 2: Allegations Against Rocket Lab - Allegations include delays in three barge landing tests and a critical potable water issue not being resolved until January 2026, impacting the launch pad preparation [3]. - There is a substantial risk that the Neutron rocket will not launch as planned in mid-2025 due to these delays [3]. - The only contract for the Neutron rocket was reportedly made at a discount with an unreliable partner [3]. Group 3: Impact on Stock Price - Following a report from Bleecker Street Research on February 25, 2025, which claimed Rocket Lab misled investors about the Neutron rocket's launch likelihood, the company's stock price fell nearly 10% [4]. Group 4: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is noted for its significant recoveries in securities fraud cases [6]. - The firm has recovered $6.6 billion for investors in securities-related class action cases, highlighting its expertise in this area [6].