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PUBLISHED ONApril 21, 2024 4:11 PM
NEW YORK, April 21, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Regulation Firm, a world investor rights law firm, proclaims the submitting of a category action lawsuit on behalf of purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between November 14, 2023 and April 1, 2024, both dates inclusive (the “Class Duration”). A class action lawsuit has already been filed. If you happen to make a selection on to help as lead plaintiff, you have to transfer the Court docket no later than June 17, 2024.
SO WHAT: If you happen to purchased AST Spacemobile securities throughout the Class Duration you is per chance entitled to compensation with out rate of any out of pocket costs or charges thru a contingency rate affiliation.
WHAT TO DO NEXT: To affix the AST Spacemobile class action, poke to https://rosenlegal.com/put up-assemble/?case_id=24272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for recordsdata on the class action. A class action lawsuit has already been filed. If you happen to make a selection on to help as lead plaintiff, you have to transfer the Court docket no later than June 17, 2024. A lead plaintiff is a representative celebration performing on behalf of different class members in directing the litigation.
WHY ROSEN LAW: We support merchants to make a possibility qualified counsel with a tune document of success in leadership roles. Typically, companies issuing notices attain now not bear similar skills, sources or any famous perceive recognition. Be lustrous in deciding on counsel. The Rosen Regulation Firm represents merchants throughout the globe, concentrating its note in securities class actions and shareholder derivative litigation. Rosen Regulation Firm has carried out the supreme ever securities class action settlement in opposition to a Chinese language Company. Rosen Regulation Firm changed into Ranked No. 1 by ISS Securities Class Action Products and companies for series of securities class action settlements in 2017. The firm has been ranked in the head 4 each and every year since 2013 and has recovered hundreds of hundreds of hundreds of bucks for merchants. In 2019 alone the firm secured over $438 million for merchants. In 2020, founding partner Laurence Rosen changed into named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys bear been identified by Lawdragon and Gargantuan Attorneys.
DETAILS OF THE CASE: In response to the lawsuit, defendants made faux and/or deceptive statements and/or did now not advise that: (1) manufacturing of AST Spacemobile’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) as a result, AST Spacemobile had now not seriously carried out the manufacturing of the Block 1 BlueBird satellites; (3) as a result, AST Spacemobile’s five Block 1 BlueBird satellites weren’t on the appropriate tune to open in the foremost quarter of 2024; and (4) as a results of the foregoing, defendants’ certain statements about AST Spacemobile’s industry, operations, and prospects were materially deceptive and/or lacked an cheap basis. When the true details entered the market, the lawsuit claims that merchants suffered damages.
To affix the AST Spacemobile class action, poke to https://rosenlegal.com/put up-assemble/?case_id=24272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for recordsdata on the class action.
No Class Has Been Licensed. Till a category is certified, you might per chance very successfully be now not represented by counsel unless you defend one. It is in all probability you’ll perchance make a selection out counsel of your possibility. It is in all probability you’ll perchance stay an absent class member and accomplish nothing at this level. An investor’s capability to fragment in any attainable future recovery is now not dependent upon serving as lead plaintiff.
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Attorney Promoting. Prior results attain now not guarantee a identical final result.
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Contact Info:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Regulation Firm, P.A.
275 Madison Avenue, fortieth Floor
Fresh York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
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