SAN FRANCISCO, CA – (March 12, 2025) – National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors who purchased or otherwise acquired the securities of Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (NASDAQ: RKLB) between November 12, 2024, and February 25, 2025, inclusive (the “Class Period”) to contact us immediately regarding a pending securities class action against Rocket Lab. The deadline to apply to be lead plaintiff is April 28, 2025.
Class Period: November 12, 2024 – February 25, 2025
Lead Plaintiff Motion Deadline: April 28, 2025
Case information: https://lieffcabraser.com/securities/rocket-lab
Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358
Rocket Lab, headquartered in Long Beach, California, provides launch and spacecraft design services, spacecraft components and manufacturing, and other spacecraft and on-orbit management solutions. In March 2021, Rocket Lab announced development plans for the Neutron Launch Vehicle (“Neutron”), a reusable, medium-capacity rocket to increase the payload capacity of its space launch vehicle. In 2024, the Company announced a schedule to conduct one Neutron test launch of in mid-2025, three commercial launches in 2026, and five in 2027.
The action alleges that, throughout the Class Period, Rocket Lab and certain of its senior executives failed to disclose to investors that: (1) the Company’s plans for three barge landing tests were significantly delayed; (2) a critical potable water issue was not scheduled to be fixed until January 2026, delaying the preparation of Neutron’s launch pad; (3) as a result, there was a substantial risk that Neutron would not launch in the middle of 2025; (4) Rocket Lab’s only contract secured for Neutron was significantly discounted, with an unreliable partner; and (5) 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.
On February 25, 2025, Bleecker Street Research released a report claiming that Rocket Lab had misled investors about the likelihood that the Neutron rocket would launch in the middle of 2025. The report revealed that the Company was delaying three barge landing tests until between September 2025 and March 2026, instead of between September 2024 and March 2025 as originally planned. The report also uncovered a significant delay in preparing the Neutron’s launching pad, including a potable water problem that was not scheduled to be fixed until January 2026. Additionally, the report alleged that the only Neutron contract the Company had secured was with an “unreliable startup,” which was not even “a full-price deal, contrary to what Rocket Lab has said.” On this news, Rocket Lab’s stock price fell $2.21 per share, or 9.83%, from its closing price of $22.49 per share on February 24, 2025, to close at $20.28 per share on February 25, 2025.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 125 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Repeatedly recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
Source/Contact
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
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