The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Astra Space Inc. f/k/a Holicity Inc. (NASDAQ: ASTR) who purchased shares between February 2, 2021 and December 29, 2021. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the Astra lawsuit alleges that (1) Astra cannot launch “anywhere”; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
Shareholders have until April 11, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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