Rocket Lab USA(RKLB) GlobeNewswire News Room·2025-04-11 00:00Core Viewpoint - A class action lawsuit has been filed against Rocket Lab USA, Inc. due to allegations of misleading investors regarding the launch timeline of its Neutron rocket and other operational delays [1][3][4]. Summary by Relevant Sections Class Action Lawsuit - The lawsuit is filed in the U.S. District Court for the Central District of California on behalf of investors who acquired Rocket Lab securities from November 12, 2024, to February 25, 2025 [1]. - Investors have until April 28, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations and Delays - A report by Bleecker Street Research claims Rocket Lab misled investors about the likelihood of the Neutron rocket launching in mid-2025 [3]. - The report indicates that three barge landing tests were delayed from a window of September 2024 to March 2025, now pushed back to September 2025 to March 2026 [3]. - Significant delays in preparing the launch pad were noted, including a potable water issue not expected to be resolved until January 2026 [3][4]. - The only contract for the Neutron rocket is with E-Space, described as unreliable, and the contract is allegedly not a full-price deal [3][4]. Impact on Stock Price - Following the release of the report, Rocket Lab's share price fell by 22.49 on February 24, 2025, to $20.28 on February 25, 2025 [3].