Nov 7, 2024, 1:34 PM
Nov 6, 2024, 1:20 PM
Shareholders of Terran Orbital Corporation Face Class Action Lawsuit Deadline
- Terran Orbital Corporation is facing a class action lawsuit for misleading shareholders.
- The lawsuit claims that the company made false statements about its financial condition and revenue generation.
- Shareholders must register for the lawsuit by November 26, 2024, to be considered for lead plaintiff status.
On November 6, 2024, the Gross Law Firm issued a reminder to shareholders of Terran Orbital Corporation regarding a class action lawsuit. The lawsuit covers individuals who purchased shares between August 15, 2023, and August 14, 2024, and alleges that the company made false statements about its ability to convert contracts into revenue. The suit claims that Terran concealed its financial difficulties and misled investors regarding its liquidity. Shareholders have until November 26, 2024, to register as potential lead plaintiffs, though it is not a requirement to partake in any recovery. Registration will also provide participants with updates throughout the case lifecycle.
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