The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Firefly Aerospace Inc. (FLY) Shareholders
Globenewswire·2025-11-19 21:40

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Firefly Aerospace Inc. (NASDAQ: FLY) who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its business operations and growth prospects [1][4]. Group 1: Class Action Details - The class period for the lawsuit includes all persons and entities that purchased Firefly common stock from the initial public offering on August 7, 2025, to September 29, 2025, inclusive [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiffs, although this is not required to participate in any recovery [5]. Group 2: Allegations Against Firefly Aerospace - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [4]. - It is claimed that Firefly also overstated the operational readiness and commercial viability of its Alpha rocket program [4]. - The lawsuit suggests that these misrepresentations would likely have a material negative impact on the company once revealed [4]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [6]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [6].