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Hagens Berman Warns About Securities Fraud Class Action

Hagens Berman Sobol Shapiro LLP has issued a significant alert to investors of York Space Systems, Inc. (NYSE: YSS) regarding a federal securities class action lawsuit currently pending in the U.S. District Court for the District of Colorado. Investors are urged to take note of the approaching deadline on October 30, 2026, to potentially participate as Lead Plaintiffs in this case.

What Is at Risk?

The class action encompasses all individuals and entities who purchased or otherwise acquired York common stock linked to the registration statement and prospectus issued during the company's initial public offering (IPO) in January 2026. Additionally, it covers anyone who acquired York securities between January 29, 2026, and May 11, 2026. The firm is calling on those investors who suffered considerable losses to submit their claims and join the class action before the deadline.

Allegations Against York Space Systems

The lawsuit accuses York Space Systems and its senior management of providing materially misleading statements and omitting critical facts about the company's operational capabilities and software development processes. Key allegations include:

• - Software Failures: Claims indicate that York's onboard mission and payload software was not fully operational before launching satellites into orbit, raising serious concerns about their functionality.

• - Operational Risks: Ongoing software issues have reportedly jeopardized satellite operations and threatened the fulfillment of contractual delivery milestones.

• - Undisclosed Risks: There are claims that these operational failures pose significant undisclosed risks to York's lucrative contracts with the U.S. Department of Defense's Space Development Agency, which could lead to a loss of critical revenue.

• - Misrepresentation of Performance: The allegations suggest that statements made by the defendants regarding York's technological reliability, manufacturing capabilities, and commercial prospects were misleading.

Investigation by Hagens Berman

As part of the investigation, Hagens Berman is examining whether York's leadership was aware of the significant issues regarding their software and overall operational failures. According to Reed Kathrein, a partner at Hagens Berman, the focus will be on determining when the management became aware of these serious operational shortcomings.

What Should Investors Do?

Individuals who acquired York Space Systems Inc. securities and experienced significant financial losses have until October 30, 2026, to file a motion with the court to have themselves appointed as Lead Plaintiff. Interested parties can visit www.hbsslaw.com/yss to learn more about their legal rights or contact Reed Kathrein directly at 844-916-0895 or [email protected].
Those with inside knowledge or non-public information regarding York Space Systems are encouraged to consider participating as whistleblowers as well.

About Hagens Berman

Hagens Berman is a global plaintiffs' rights litigation firm dedicated to corporate accountability. The firm specializes in complex litigation and has a strong track record representing a wide range of clients, including investors, consumers, and whistleblowers. With a history of success, the firm has recovered over $2.9 billion in damages for their clients. For further updates and news, you can follow them on social media at @ClassActionLaw.