NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Stable Road Acquisition Corp. .
SO WHAT: If you have purchased Stable Road securities, you may be entitled to compensation without payment of any fees or charges under a contingency fee agreement. Rosen law firm is preparing class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to http://www.rosenlegal.com/cases-register-2122.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
WHAT DOES IT TALK ABOUT: On July 13, 2021, after market hours, the United States Securities and Exchange Commission (“SEC”) announced a settlement with Stable Road, a specialist acquisition company, its sponsor and CEO, and its target merger Momentus Inc. Settlement penalties total over $ 8 million. The settlement follows allegations that Momentus and its CEO, Mikhail Kokorich, “have repeatedly told investors that they have ‘successfully tested’ their propulsion technology in space when, in fact, the only testing in the company’s space had not achieved its primary mission objectives or demonstrate the commercial viability of the technology.
On this news, the Stable Road share price opened on July 14, 2021 at $ 10.68 per share, down $ 1.20, or more than 10%, from its closing price of 11. $ 88 per share on July 13, 2021.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827