Page 13 - Stable Road News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 (the "Class Period"). Investor Deadline Reminder: Investors who purchased or acquired Stable Road s...

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 Road Acquisition Corp. (NASDAQ: SRAC; SRACW; SRACU) (“Stable Road”) on behalf of those who purchas...

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 statements from SEC Commissioners and the staff; these statements suggested that the SEC would scrutini...

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 agency's chairman, sent a strong signal to the key players in the booming SPAC market: Don't cut corners, or you could get burned. Tuesday's settlement resolving the SEC's misrepresentation claims carried a more than $8 million fine against various parties involved in the acquisition of a company deve...

                                               Stable Road Acquisition Corp. (SRAC) Investigation: The investigation focuses on Stable Road's 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 statements and omissions and otherwise engaging in other deceptive conduct, all designed to mislea...