Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit – SRAC, SRACW, SRACU
29 Julho 2021 - 6:35PM
Business Wire
Bursor & Fisher P.A., a consumer rights litigation firm,
announces that class action lawsuits have been filed against Stable
Road Acquisition Corp. (NASDAQ:SRAC; SRACW; SRACU) on behalf of
investors who held the securities during the period between October
7, 2020 and July 13, 2021 (the “Class Period”). The Stable Road
class action lawsuits charge Stable Road, its sponsor SRC-NI
Holdings, LLC, and certain of its executives, along with Momentus
Inc. and its former CEO, with violations of the Securities Exchange
Act of 1934. Two Stable Road class action lawsuits are currently
pending in the Central District of California (Jensen v. Stable
Road Acquisition Corp., No. 21-cv-05744, assigned to Judge John F.
Walter, and Hall v. Stable Road Acquisition Corp., No.
21-cv-05943).
If you suffered substantial losses and wish to serve as lead
plaintiff of the Stable Road lawsuits, please contact attorneys L.
Timothy Fisher, Andrew Obergfell, or Stephen Beck at info@bursor.com or by calling 646-837-7150. The
deadline to file a lead plaintiff motion is September 13,
2021.
CASE ALLEGATIONS: The securities violations alleged in
the complaints include that Defendants made false and/or misleading
statements and/or failed to disclose that: (1) Momentus’s 2019 test
of its key technology failed to meet Momentus’s own public and
internal pre-launch criteria for success; (2) the U.S. government
had conveyed that it considered Momentus’s CEO, Mikhail Kokorich, a
national security threat, which jeopardized Kokorich’s continued
leadership at Momentus as well as Momentus’s business prospects;
and (3) Stable Road failed to conduct appropriate due diligence of
Momentus and its business operations and that Defendants materially
misrepresented the due diligence activities being conducted by
Stable Road and its executives and its sponsor in connection with
the merger.
Pursuant to the Private Securities Litigation Reform Act
(“PSLRA”), 15 U.S.C. §78u-4(a)(3)(A)(i)(ii), any member of the
purported class seeking to serve as a lead plaintiff of the
purported class shall, no later than September 13, 2021, move the
Court for appointment as lead plaintiff and approval of lead
plaintiff’s selection of counsel. Any member of the proposed class
may move the Court to serve as lead plaintiff through counsel of
their choice. Your ability to share in any recovery does not
require that you serve as lead plaintiff.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: https://www.businesswire.com/news/home/20210729006194/en/
Andrew Obergfell 646-837-7150
Stable Road Acquisition (NASDAQ:SRAC)
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