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The law firms of Vincent Wong are notifying investors of a class action lawsuit involving Stable Road Acquisition Corp.

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NEW YORK, NY–(Newsfile Corp.–August 6, 2021)–The law firms of Vincent Wong have announced that a class action lawsuit has begun on behalf of the investors who purchased Stable Road Acquisition Corp. (“Stable Road”) (NASDAQ: SRAC) between October 7, 2020 And July 13, 2021.

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If you suffer a loss, contact us at the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/steady-road-acquisition-corp-loss-submission-form?prid=18319&wire=5

Allegations against SRAC include that the company made incorrect and/or misleading statements and/or failed to disclose that: (a) the Stable Road acquisition target, Momentus’s 2019 test of its flagship technology, water plasma thruster, failed to meet Momentus’ own company. General and inner pre-launch criteria for success, performed on a prototype that was not designed to generate commercially big amounts of propulsion; (b) the United States Government has made clear that it considers Momentus’ CEO to be a threat to national security, jeopardizing his continued leadership of the Momentus and Momentus launch schedule and business prospects; (c) accordingly, the revenue forecasts, business and operating plans provided to investors with respect to Momentus, the commercial viability and schedule of its products were materially incorrect, misleading and lacking a reasonable basis in fact; and (d) Stable Road’s failure to conduct appropriate due diligence for Momentus and its business operations and the defendants materially misrepresented the due diligence activities of Stable Road executives and its sponsor in connection with the Merger.

If you suffer a loss on Stable Road you have even September 13, 2021 Ask the court to appoint you as lead plaintiff. Your aptitude to participate in any refund does not require that you act as lead claimant.

Vincent Wong, Esq. An experienced attorney represented investors in securities litigations involving financial fraud and violations of shareholder rights. Advertisement attorney. Previous results do not guarantee similar results.

call:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Phone. 212,425.1140
fax. 866,699,3880
Email: vw@wongesq.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92410

Referensi: finance.yahoo.com

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