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The Gross Law Firm Reminds Rocket Lab USA, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 28, 2025 – RKLB
Rocket Lab USARocket Lab USA(US:RKLB) GlobeNewswire News Room·2025-04-28 16:40

Core Viewpoint - Rocket Lab USA, Inc. is facing a class action lawsuit due to allegations of materially false and misleading statements regarding its operations and business prospects during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 12, 2024, to February 25, 2025 [3]. - Allegations include significant delays in the company's plans for three barge landing tests, a critical potable water issue not scheduled to be resolved until January 2026, and a substantial risk that the Neutron rocket would not launch in mid-2025 [3]. - The lawsuit claims that the only contract for the Neutron rocket was made at a discount with an unreliable partner, and that the defendants' positive statements about the company's business were materially misleading [3]. Next Steps for Shareholders - Shareholders who purchased shares of Rocket Lab during the class period are encouraged to register for the class action by April 28, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that led to artificial inflation of the company's stock [5].