York Space Systems Shareholder Alert: Claimsfiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against York Space Systems, Inc. - YSS
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About the Lawsuit
York Space Systems and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
Specifically, the lawsuit alleges that Defendants failed to disclose to investors that: (i) the Company's onboard mission and payload software was not fully functional before satellites were launched; (ii) this ongoing trend presented a risk to the Company's contracts with the Pentagon's Space Development Agency (“SDA”), deceived the SDA with false advertising to win its contracts, cut corners, and delivered satellites whose mission-critical-software was not completed; and (iii) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
The case is Ianelli v. York Space Systems, Inc. et al., 26-cv-04074.
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ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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