Kessler Topaz Meltzer & Check, LLP - Class Action Announcement for Firefly Aerospace Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Firefly Aerospace Inc.
Globenewswire·2025-11-20 19:01

Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly making false and misleading statements regarding its business operations and growth prospects during its IPO and subsequent period [1][3]. Group 1: 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][4]. Group 2: Allegations Against Defendants - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [3]. - It is claimed that the Alpha rocket program did not meet its expected operational readiness and commercial viability [3]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [3].