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INVESTOR DEADLINE MONDAY: Rocket Lab USA, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RKLB
Rocket Lab USARocket Lab USA(US:RKLB) Prnewswireยท2025-04-25 08:45

Core Viewpoint - The Rocket Lab USA, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the company's operations and launch plans [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Bray v. Rocket Lab USA, Inc., and it covers purchasers of Rocket Lab securities from November 12, 2024, to February 25, 2025 [1]. - Allegations include significant delays in Rocket Lab's barge landing tests, unresolved critical potable water issues, and risks associated with the Neutron rocket's launch timeline [3]. - A report from Bleecker Street Research on February 25, 2025, claimed Rocket Lab misled investors about the Neutron rocket's launch likelihood, resulting in a nearly 10% drop in stock price [4]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Rocket Lab securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [5]. Group 3: Company Background - Rocket Lab is a space company providing launch services and space systems solutions for the space and defense industries [2].