#United States #San Diego #Class Action #Securities Fraud #Rocket Lab

Rocket Lab USA Investors Urged to Act Against Potential Securities Fraud

Rocket Lab USA, Inc., known for its innovative aerospace solutions, is facing scrutiny from investors following significant stock losses. The law firm Robbins Geller Rudman & Dowd LLP has announced that individuals who purchased or acquired shares of Rocket Lab (NASDAQ: RKLB) between November 12, 2024, and February 25, 2025, may have the opportunity to lead a class action lawsuit against the company.

Details of the Class Action Lawsuit

The lawsuit, which is titled Bray v. Rocket Lab USA, Inc., is filed in the Central District of California. The allegations revolve around violations of the Securities Exchange Act of 1934. Investors claiming substantial losses during this period must act swiftly, as the deadline to seek appointment as lead plaintiffs is approaching on April 28, 2025.

Key allegations in this case highlight that throughout the specified Class Period, Rocket Lab allegedly made misleading statements regarding its operations and timelines. Investors have expressed concerns regarding significant delays in the company's plans for three barge landing tests and the postponement of essential fixes related to potable water issues impacting launch pad preparations.

Such failures are said to create a substantial risk that Rocket Lab’s Neutron rocket, anticipated to launch around mid-2025, may not meet its scheduled timeline. Additionally, the lawsuit points out that the only contract for the Neutron rocket was secured at a discounted rate with a partner that lacks reliability, casting further doubt on the project's success.

These worries were exacerbated by a report from Bleecker Street Research, published on February 25, 2025, which indicated that Rocket Lab may have misled investors about the likelihood of the Neutron rocket’s timely launch. Following the publication of this report, Rocket Lab’s share price reportedly dropped nearly 10%, underscoring the significance of these allegations.

The Path Forward for Investors

The Private Securities Litigation Reform Act of 1995 allows investors who acquired Rocket Lab shares during the Class Period to file for the lead plaintiff position in this class action lawsuit. The lead plaintiff is generally the person with the most significant financial interest and must be typical and adequate representative of the class members. By taking on this role, investors can guide the litigation process while retaining the choice to select their legal representation. Importantly, participating as lead plaintiff is not a prerequisite for sharing in any potential recovery awarded in the class action.

For those interested in pursuing this opportunity, Robbins Geller urges investors with substantial losses to contact their legal team at 800-449-4900 or via email at [email protected] for further information and next steps.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP enjoys a prestigious reputation as a leading law firm in the realm of securities class actions. The firm has consistently ranked first in achieving monetary relief for investors in securities fraud cases. Over the past four years, Robbins Geller has successfully recovered more than $2.2 billion for their clients, marking them as a force in investor advocacy.

With a roster of approximately 200 lawyers deployed across 10 offices, Robbins Geller has secured some of the most significant recoveries in history, including the landmark $7.2 billion case in In re Enron Corp. Securities Litigation.

To keep informed about the progress of this lawsuit and others, investors are encouraged to stay connected with Robbins Geller’s updates and offerings.

In summary, the deadline for interested investors to participate in the Rocket Lab class action lawsuit is fast approaching, and prompt action is recommended to preserve potential claims against the company.