LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Terran Orbital Corporation (“Terran Orbital” or “the Company”) (NYSE: LLAP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between August 15, 2023 and August 14, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before November 26, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Terran Orbital’s process of turning contracts into revenue and free cash flow was much slower than it represented to customers. The Company failed to maintain appropriate liquidity to operate while awaiting customer revenue. The Company concealed the extent of its financial problems. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Terran Orbital, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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