Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. by Kessler Topaz Meltzer & Check, LLP, alleging that the company made false and misleading statements regarding its business operations and growth prospects [1][2]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased Firefly's common stock during the IPO on August 7, 2025, and those who acquired securities between August 7, 2025, and September 29, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for January 12, 2026 [1]. Allegations Against Defendants - The complaint claims that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [2]. - It is alleged that the Alpha rocket program did not meet its claimed operational readiness and commercial viability [2]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the deadline of January 12, 2026, or may choose to remain absent [3]. - The lead plaintiff will represent all class members in directing the litigation and selecting counsel [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].
NASDAQ: FLY: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Class Action Lawsuit Against Firefly Aerospace Inc. (FLY)
Businesswire·2025-11-14 16:24