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In re Stable Road Acquisition Corp. Securities Litigation
Case Number:
2:21-cv-05744
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Baker McKenzie
- Berenzweig Leonard
- Devaney Pate
- Glancy Prongay
- Hagens Berman
- Johnson Fistel
- Kirkland & Ellis
- Pomerantz LLP
- Robbins Geller
- Rosen Law Firm PA
- Stoner Grannis
- Wilson Elser
- Winston & Strawn
Companies
Sectors & Industries:
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August 31, 2023
Investors Seek OK Of $8.5M Deal In SPAC Inflated Stock Suit
Investors urged a California federal judge to preliminarily approve an $8.5 million settlement they reached with a blank-check company and a space industry startup they claimed inflated stock prices, saying the sum exceeds typical payouts in similar cases.
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April 11, 2023
SPAC, Space-Oriented Startup Settle Investors' Stock Suit
Blank-check company Stable Road Acquisition Corp. and space industry startup Momentus told a California federal judge that they reached an undisclosed settlement with investors to resolve claims that they inflated stock prices with misstatements about projected revenue and the successful testing of space technology.
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July 14, 2022
Momentus, SPAC Left On The Hook For Investor Suit
A California federal judge on Wednesday kept the majority of claims that space industry startup Momentus and blank-check company Stable Road Acquisition Corp. inflated stock prices with misstatements about projected revenue and the successful testing of its space technology, dismissing a handful of claims against some company officers.
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February 15, 2022
SPAC, Space Co. Say Investor Claims Not Ready For Launch
Special purpose acquisition company Stable Road Acquisition Corp. and commercial space business Momentus Inc. have asked a California federal court to let them out of a proposed investor class action, arguing the shareholders didn't properly back up their claims about purported company misstatements.
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July 16, 2021
Investors Target SPAC's Space Tech Claims After SEC Probe
An investor in special purpose acquisition company Stable Road has launched a proposed class action accusing the company, its brass and a private commercial space company that was to be acquired of misleading the public about the space company's technology and of failing to disclose national security concerns about its chief executive.