Rocket Lab USA(US:RKLB) Prnewswireยท2025-04-16 19:33Core Viewpoint - A securities class action lawsuit has been filed against Rocket Lab USA, Inc. for allegedly misleading investors regarding the launch timeline of its Neutron rocket and other operational delays [1][3]. Company Overview - Rocket Lab USA, Inc. is a space company headquartered in Long Beach, California, providing launch and spacecraft design services [2]. Legal Action Details - The lawsuit pertains to investors who purchased Rocket Lab securities between November 12, 2024, and February 25, 2025 [1]. - Investors have until April 28, 2025, to seek appointment as lead plaintiff representatives of the class [2]. Allegations and Impact - A report by Bleecker Street Research on February 25, 2025, accused Rocket Lab of misleading investors about the likelihood of the Neutron rocket launching in mid-2025, citing significant delays in launch pad preparations [3]. - The report highlighted a potable water issue that would not be resolved until January 2026 and mentioned that Rocket Lab's only Neutron contract is with an unreliable startup, E-Space [3]. - Following the report, Rocket Lab's stock price dropped by $2.21, nearly 10%, closing at $20.28 per share on February 25, 2025 [4].