Rocket Lab USA(RKLB) GlobeNewswire News Room·2025-04-06 11:45Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Rocket Lab USA, Inc. due to allegations of misleading investors regarding the company's operational delays and contract issues, with a deadline for investors to seek lead plaintiff status in a federal securities class action set for April 28, 2025 [3][5]. Group 1: Allegations Against Rocket Lab - The complaint alleges that Rocket Lab and its executives violated federal securities laws by making false or misleading statements and failing to disclose significant delays in their plans for three barge landing tests [5]. - A critical potable water issue is not scheduled to be resolved until January 2026, which further delays the preparation of the launch pad [5]. - There is a substantial risk that Rocket Lab's Neutron rocket will not launch in mid-2025 due to these delays [5]. - The only contract for the Neutron rocket was made at a discount with an unreliable partner, which contradicts the company's previous positive statements about its business and prospects [5][6]. Group 2: Market Reaction - Following the publication of a report by Bleecker Street Research, Rocket Lab's stock price fell by 20.28 per share on February 25, 2025, amid unusually heavy trading volume [7]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $100,000 in Rocket Lab between November 12, 2024, and February 25, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][3]. - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought by the class, who will oversee the litigation on behalf of the class members [8]. Group 4: Call for Information - Faruqi & Faruqi encourages anyone with information regarding Rocket Lab's conduct, including whistleblowers and former employees, to contact the firm [9].