{"id":520511,"date":"2021-07-29T17:38:01","date_gmt":"2021-07-29T21:38:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bursor-fisher-p-a-announces-that-investors-with-substantial-losses-have-opportunity-to-lead-the-stable-road-acquisition-corp-class-action-lawsuit-srac-sracw-sracu\/"},"modified":"2021-07-29T17:38:01","modified_gmt":"2021-07-29T21:38:01","slug":"bursor-fisher-p-a-announces-that-investors-with-substantial-losses-have-opportunity-to-lead-the-stable-road-acquisition-corp-class-action-lawsuit-srac-sracw-sracu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bursor-fisher-p-a-announces-that-investors-with-substantial-losses-have-opportunity-to-lead-the-stable-road-acquisition-corp-class-action-lawsuit-srac-sracw-sracu\/","title":{"rendered":"Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU"},"content":{"rendered":"

<\/p>\n

Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBursor & Fisher P.A., a consumer rights litigation firm, announces that class action lawsuits have been filed against Stable Road Acquisition Corp. (NASDAQ:SRAC; SRACW; SRACU) on behalf of investors who held the securities during the period between October 7, 2020 and July 13, 2021 (the \u201cClass Period\u201d). The Stable Road class action lawsuits charge Stable Road, its sponsor SRC-NI Holdings, LLC, and certain of its executives, along with Momentus Inc. and its former CEO, with violations of the Securities Exchange Act of 1934. Two Stable Road class action lawsuits are currently pending in the Central District of California (Jensen v. Stable Road Acquisition Corp.<\/i>, No. 21-cv-05744, assigned to Judge John F. Walter, and Hall v. Stable Road Acquisition Corp.<\/i>, No. 21-cv-05943).\n<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Stable Road lawsuits, please contact attorneys L. Timothy Fisher, Andrew Obergfell, or Stephen Beck at info@bursor.com<\/a><\/span> or by calling 646-837-7150. The deadline to file a lead plaintiff motion is September 13, 2021.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: The securities violations alleged in the complaints include that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Momentus\u2019s 2019 test of its key technology failed to meet Momentus\u2019s own public and internal pre-launch criteria for success; (2) the U.S. government had conveyed that it considered Momentus\u2019s CEO, Mikhail Kokorich, a national security threat, which jeopardized Kokorich\u2019s continued leadership at Momentus as well as Momentus\u2019s business prospects; and (3) Stable Road failed to conduct appropriate due diligence of Momentus and its business operations and that Defendants materially misrepresented the due diligence activities being conducted by Stable Road and its executives and its sponsor in connection with the merger.\n<\/p>\n

\nPursuant to the Private Securities Litigation Reform Act (\u201cPSLRA\u201d), 15 U.S.C. \u00a778u-4(a)(3)(A)(i)(ii), any member of the purported class seeking to serve as a lead plaintiff of the purported class shall, no later than September 13, 2021, move the Court for appointment as lead plaintiff and approval of lead plaintiff\u2019s selection of counsel. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice. Your ability to share in any recovery does not require that you serve as lead plaintiff.\n<\/p>\n

\nAttorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210729006194\/en\/<\/a><\/span><\/p>\n

\nAndrew Obergfell
\n
646-837-7150\n<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU NEW YORK–(BUSINESS WIRE)– Bursor & Fisher P.A., a consumer rights litigation firm, announces that class action lawsuits have been filed against Stable Road Acquisition Corp. (NASDAQ:SRAC; SRACW; SRACU) on behalf of investors who held the securities during the period between October 7, 2020 and July 13, 2021 (the \u201cClass Period\u201d). The Stable Road class action lawsuits charge Stable Road, its sponsor SRC-NI Holdings, LLC, and certain of its executives, along with Momentus Inc. and its former CEO, with violations of the Securities Exchange Act of 1934. Two Stable Road class action lawsuits are currently … <\/p>\n

Continue reading “Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-520511","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bursor-fisher-p-a-announces-that-investors-with-substantial-losses-have-opportunity-to-lead-the-stable-road-acquisition-corp-class-action-lawsuit-srac-sracw-sracu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. Class Action Lawsuit \u2013 SRAC, SRACW, SRACU NEW YORK–(BUSINESS WIRE)– Bursor & Fisher P.A., a consumer rights litigation firm, announces that class action lawsuits have been filed against Stable Road Acquisition Corp. (NASDAQ:SRAC; SRACW; SRACU) on behalf of investors who held the securities during the period between October 7, 2020 and July 13, 2021 (the \u201cClass Period\u201d). The Stable Road class action lawsuits charge Stable Road, its sponsor SRC-NI Holdings, LLC, and certain of its executives, along with Momentus Inc. and its former CEO, with violations of the Securities Exchange Act of 1934. Two Stable Road class action lawsuits are currently … Continue reading "Bursor & Fisher, P.A. Announces that Investors with Substantial Losses Have Opportunity to Lead the Stable Road Acquisition Corp. 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