Investors Urged to Act Fast in Terran Orbital Class Action
- Rosen Law Firm is reminding investors who purchased Terran Orbital Corporation securities between August 15, 2023, and August 14, 2024, of an upcoming lead plaintiff deadline.
- The law firm suggests that affected investors may be entitled to compensation without upfront costs, contingent upon the outcome of the class action.
- Investors are urged to act promptly as the deadline to serve as lead plaintiff is November 26, 2024, and a class has not yet been certified.
A prominent legal firm based in New York, Rosen Law Firm, is reaching out to investors regarding potential securities class action claims involving Terran Orbital Corporation. This notification specifically targets individuals who acquired shares during a designated Class Period from August 15, 2023, to August 14, 2024. The firm emphasizes the significance of a looming deadline, set for November 26, 2024, for those considering acting as lead plaintiffs in the case. The lawsuit alleges that during the Class Period, Terran Orbital Corporation failed to disclose crucial information about its financial health. Key grievances include claims that the company misrepresented the speed at which it could turn contracts into revenue and concealed serious liquidity issues that could impact operational capabilities. Moreover, these failures purportedly led to misleading public statements about the company's overall financial situation. Investors are reminded that they might not have to incur any legal costs upfront, as the firm operates under a contingency fee arrangement. This means that attorneys' fees would only be charged if the plaintiffs succeed in obtaining a settlement or judgment. It is crucial for affected investors to be proactive in reaching out if they wish to pursue this class action, as the process is time-sensitive and can significantly affect their potential for compensation.