Lawsuit filed for Investors who lost money with shares of Rocket Lab USA, Inc. (NASDAQ: RKLB)

An investor, who purchased shares of Rocket Lab USA, Inc. (NASDAQ: RKLB), filed a lawsuit over alleged violations of Federal Securities Laws by Rocket Lab USA, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) have certain options and for certain investors are short and strict deadlines running. Deadline: April 28, 2025. NASDAQ: RKLB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Long Beach, CA based Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. On February 25, 2025, Bleecker Street Research published a report alleging, among other things, that Rocket Lab USA, Inc. "has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025." The report revealed that the Company's plans for three barge landing tests, which were originally scheduled to occur in a window between September 2024 and March 2025, had been pushed back to a window beginning in September 2025 and could occur as late as March 2026. The report further revealed significant delays in preparing the Company's launch pad, including a potable water problem not scheduled to be fixed until January 2026, which would delay launch further. The report also alleged that Company's only Neutron contract so far is with an "unreliable startup" named E-Space which is described as "risk item." The report further alleged this "contract is not a full-price deal, contrary to what Rocket Lab has said."

Shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) declined from $33.34 per share on January 24, 2025, to as low as $16.17 per share on February 28, 2025.

The plaintiff claims that between November 12, 2024 and February 25, 2025, the Defendants failed to disclose to investors that the Company's plans for three barge landing tests were significantly delayed, that a critical potable water problem was not scheduled to be fixed until January 2026, which delayed preparation of the launch pad, that as a result of the foregoing, there was a substantial risk that Rocket Lab's Neutron rocket would not launch in mid-2025, that Neutron's only contract was made at a discount with an unreliable partner, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.