Securities Fraud Investigation Into Rocket Lab USA, Inc. (RKLB) Announced Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Business Wire 25-Feb-2025 6:50 PM

The Law Offices of Frank R. Cruz announces an investigation of Rocket Lab USA, Inc. ("Rocket Lab" or the "Company") (NASDAQ: RKLB) on behalf of investors concerning the Company's possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON ROCKET LAB USA, INC. (RKLB), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On February 25, 2025, Bleecker Street published a report alleging, among other things, that Rocket Lab "has materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025." The report states that the Company's plans for three barge landing tests, which were originally scheduled to occur between September 2024 to March 2025, had been pushed back an entire year to begin in September 2025. Additionally, a potable water problem in connection with a bridge widening project is not scheduled to be fixed – a necessary step required for launch – until January 2026. The report also states that the Neutron rocket's only contract so far is an "unreliable startup" named E-Space, described as "a lot more bluff than substance when it comes to actually getting things done."

On this news, Rocket Lab's stock price fell $2.21, or 9.8%, to close at $20.28 per share on February 25, 2025, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Rocket Lab securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com. Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250225784920/en/

The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com