Rocket Lab USA(RKLB) Prnewswire·2025-04-28 09:45Core Viewpoint - Rocket Lab USA, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its operations and business prospects during a specified class period [1][2]. Allegations - The lawsuit claims that Rocket Lab's plans for three barge landing tests were significantly delayed [1]. - A critical potable water issue was not scheduled to be resolved until January 2026, which impacted the launch pad preparation [1]. - There is a substantial risk that Rocket Lab's Neutron rocket will not launch in mid-2025 due to the aforementioned delays [1]. - The only contract for the Neutron rocket was made at a discount with an unreliable partner [1]. - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [1]. Class Action Details - The class period for the lawsuit is from November 12, 2024, to February 25, 2025 [1]. - Shareholders are encouraged to register for the class action by the deadline of April 28, 2025, to potentially be appointed as lead plaintiffs [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2].