Rocket Lab USA(US:RKLB) Globenewswire·2025-03-13 17:05Core Viewpoint - A class action securities lawsuit has been filed against Rocket Lab USA, Inc. alleging securities fraud that affected investors between November 12, 2024, and February 25, 2025 [1][2]. Group 1: Allegations of Fraud - 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 launch pad preparation [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]. - The defendants' positive statements regarding the Company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until April 28, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4].