NEW YORK, Feb. 26, 2025 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (NASDAQ: RKLB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Rocket Lab and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 25, 2025, Bleeker Street Research (“Bleeker Street”) published a short report alleging that Rocket Lab “has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025, a timeline the company has repeatedly claimed in media interviews and on earnings calls[,]” claiming that “rocket experts we spoke to put the timeline of a rocket launch from mid-2026 to mid-2027, a one to two year delay.” Bleeker Street also asserted that “Neutron’s sole announced launch contract looks to be with an unproven, questionably capitalized startup called E-Space, which two experts called a subpar customer that may run out of money or pull the launch entirely” and that Rocket Lab “appears to be willing to sell Neutron launch slots well below its stated launch price of $50–$55 million, despite management’s claim that its recently announced contract was ‘in line’ with that price.”
Following publication of the Bleeker Street report, Rocket Lab’s stock price fell $2.21 per share, or 9.83%, to close at $20.28 per share on February 25, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
SOURCE Pomerantz LLP