Page 7 - Stable Road News Today

Share this article Share this article RADNOR, Pa., July 21, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against Stable Road Acquisition Corp. (NASDAQ: SRAC) (NASDAQ: SRACW) (NASDAQ: SRACU) ("Stable Road") on behalf of those who purchased or acquired Stable Road securities between October 7, 2020 and July 13, 2021, inclusive...

Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against Stable Road Acquisition Corp. – SRAC; SRACW; SRACU Kessler Topaz Meltzer & Check LLP Radnor, Pennsylvania, UNITED STATES RADNOR, Pa., July 20, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against Stable Ro...

Thursday, July 15, 2021 On July 13, 2021, the US Securities and Exchange Commission (SEC) announced charges against a special purpose acquisition company (SPAC), the SPAC’s sponsor, the SPAC’s proposed merger target and two executives for allegedly misleading claims about the SPAC target’s technology and about national security and foreign ownership concerns associated with the target’s former CEO. This is the first enforcement action against a SPAC following recent public sta...

ADVERTISEMENT SEC, Gensler Put SPAC Players On Notice With Latest Action Law360 (July 15, 2021, 9:57 PM EDT) -- The regulatory hammer that the U.S. Securities and Exchange Commission brought down on a special purpose acquisition company deal this week, accompanied by a rare statement from the agencys chairman, sent a strong signal to the key players in the booming SPAC market: Dont cut corners, or you could get burned. Tuesdays settlement resolving the SECs misrepresentation claims carried a...

                                               Stable Road Acquisition Corp. (SRAC) Investigation: The investigation focuses on Stable Roads misrepresentations about the technology and national security risks posed by Momentus, a privately held space company that aspires to provide space infrastructure services. More specifically, on July 13, 2021 the SEC sued Stable Road, its CEO (Brian Kabot), Momentus, and its former CEO (Mikhail Kokorich) for making materially false...

Share this article Share this article NEW YORK, July 14, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of   Stable Road Acquisition Corp. ("Stable Road" or the "Company") (NASDAQ: SRAC). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Stable Road and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.�...

SEC Announces Charges in SPAC Fraud Caper, Warns of SPAC Risks The Securities and Exchange Commission (SEC) has charged a group of people and companies for misleading claims about a recent special purpose acquisition corporation (SPAC), assertions which stood to gain one CEO $200 million in shares. Facing charges are SPAC Brian Kabot, the SPAC’s proposed merger target Momentus, and Momentus’s founder and former CEO Mikhail Kokorich. All but Kokorich are in the process of settling for to...

James Langton A recent boom in the issuance of SPACs — shell companies that raise capital from investors to complete a future acquisition — has raised concerns about investor protection issues with blank-cheque companies. Now, U.S. securities regulators have charged the various players in a SPAC deal with alleged disclosure violations. The U.S. Securities and Exchange Commission (SEC) announced it has charged special purpose acquisition corporation (SPAC) Stable Road Acquisition Co., as wel...

Share this article Share this article SAN DIEGO, July 13, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Stable Road Acquisition Corp. ("Stable Road " or the "Company") (NASDAQ: SRAC) for violations of federal securities laws. On July 13, 2021, the U.S. Securities and Exchange Commission (SEC) made known that it has sued Stable Road, a special-purpose acquisition company. The allegation is that Momentus, a Company Stable Road wa...

All Eyes on SPACs and Congress, RIDE Plummets After Hours No new SPAC mergers, IPOs or S-1s on Monday as equity markets rose, though SPACs generally stayed flat-ish to down. Lordstown Motors is falling big after hours. Author: ** On a day that there were no new SPAC merger announcements, IPOs or new S-1s there was, however, a hearing in the House targeting the future of SPACs. In short, it could result in new legislation that takes away one of SPACs perceived advantages over the traditional IPO...