Core Viewpoint - 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 launch of its Neutron rocket and operational delays [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Bray v. Rocket Lab USA, Inc., and covers purchasers of Rocket Lab securities from November 12, 2024, to February 25, 2025 [1]. - Investors have until April 28, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Rocket Lab's executives made false statements and failed to disclose significant delays in their operations, including issues with barge landing tests and a critical potable water problem [3]. Group 2: Allegations and Impact - Specific allegations include delays in three barge landing tests, a critical water issue not being resolved until January 2026, and a substantial risk that the Neutron rocket would not launch as planned in mid-2025 [3]. - The lawsuit also mentions that the only contract for the Neutron rocket was made at a discount with an unreliable partner [3]. - Following a report from Bleecker Street Research on February 25, 2025, which claimed Rocket Lab misled investors about the Neutron rocket's launch likelihood, the company's stock price fell nearly 10% [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud cases [6]. - The firm has a strong track record, having recovered $6.6 billion for investors in securities-related class action cases over the past four years [6].
RKLB INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Rocket Lab USA, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit