1. Rosen Law Firm announces class action for RCAT shareholders. 2. Class Period for claims is from March 18, 2022, to January 15, 2025. 3. Investors may receive compensation with no out-of-pocket fees. 4. False statements about production capacity and contract values claimed. 5. Lead plaintiff motion deadline is July 22, 2025.
Legal actions can create uncertainty and negatively impact investor sentiment. Class actions often result in reputational damage and stock price declines.
The ongoing class action lawsuit could significantly influence investor trust and stock performance. Legal challenges often lead to long-term stock volatility, integrating into future investment decisions.
Class actions can lead to prolonged litigation affecting RCAT's market perception. Historical examples show companies often take years to recover from similar lawsuits.
Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Red Cat Holdings, Inc. (NASDAQ: RCAT) between March 18, 2022 and January 15, 2025, both dates inclusive (the "Class Period"), of the important July 22, 2025 lead plaintiff deadline.
If you purchased Red Cat securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
To join the Red Cat class action, go to this link or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 22, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) the Salt Lake City Facility's production capacity, and Red Cat's progress in developing the same, was overstated; (2) the overall value of the SRR Program's Tranche 2 contract ("SRR Contract") was overstated; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Red Cat class action, go to this link, call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]
Website: www.rosenlegal.com
SOURCE THE ROSEN LAW FIRM, P. A.