Rocket Lab USA(US:RKLB) Prnewswireยท2025-03-10 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Rocket Lab USA, Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed issues affecting the company's operations and prospects [1][2]. Group 1: Allegations - The complaint alleges that during the class period from November 12, 2024, to February 25, 2025, Rocket Lab's management made materially false and misleading statements [1]. - Specific allegations include significant delays in the company's plans for three barge landing tests and a critical potable water issue that will not be resolved until January 2026, impacting the launch pad preparation [1]. - As a result of these issues, there is a substantial risk that Rocket Lab's Neutron rocket will not launch as scheduled in mid-2025, and the only contract for Neutron was made at a discount with an unreliable partner [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of RKLB during the specified class period are encouraged to register for the class action by April 28, 2025, to potentially become lead plaintiffs [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].