INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Rocket Lab USA, Inc. (NASDAQ: RKLB); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

/EIN News/ -- SAN DIEGO, April 03, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Rocket Lab USA, Inc. (NASDAQ: RKLB) (“Rocket Lab” or the “Company”) securities between November 12, 2024 and February 25, 2025 (the “Class Period”), charging the Company and certain senior executives with violations of the federal securities laws (collectively, “Defendants”).

Rocket Lab investors have until April 28, 2025 to seek appointment as lead plaintiff of the Rocket Lab class action lawsuit.

If you purchased or acquired Rocket Lab securities between November 12, 2024 and February 25, 2025, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: https://dicellolevitt.com/securities/rocket-lab/.

You can also contact DiCello Levitt attorneys Brian O’Mara or Ruben Peña by calling (888) 287-9005 or emailing investors@dicellolevitt.com. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.

Case Allegations

Rocket Lab is an end-to-end space company that designs and manufactures small and medium-class rockets, spacecraft, and spacecraft components, including related software and services. In March 2021, the Company announced plans to develop Neutron, a reusable-ready medium-capacity launch vehicle to increase the payload capacity of its space launch vehicle. In early 2024, Rocket Lab announced it would conduct a test launch of Neutron in mid-2025, followed by three commercial launches in 2026 and five in 2027.

The Rocket Lab lawsuit alleges that Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Rocket Lab’s plans for three barge landing tests were significantly delayed; (2) the preparation of the launch pad was delayed by a critical potable water issue that was not going to be fixed until January 2026; (3) as a result, there was a substantial risk that Rocket Lab’s Neutron rocket would not launch in mid-2025; and (4) Neutron’s only contract was made at a discount with an unreliable partner.

The truth emerged on February 25, 2025, when Bleecker Street Research published a report titled “Rocket Lab (RKLB): We Think It’s Gonna Be a Long, Long Time” (the “Report”). In relevant part, the Report stated 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.” The Report, citing documents and interviews with industry experts, further claimed that “[m]any aspects of RKLB’s Neutron program remain far behind where they need to be: from engine development, to engine and structure production, to launch pad construction, to rocket transport to the launch site.”

On this news, the price of Rocket Lab’s stock fell by $2.21 per share, or approximately 10%, to close at $20.28 per share on February 25, 2025.

About DiCello Levitt

At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations – and our capital – on the line for our clients.

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Media Contact

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investors@dicellolevitt.com