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SRAC Alert: Johnson Fistel Launches Investigation into Stable Road - Investors Suffering Losses Encouraged to Contact the Firm

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 was trying to acquire, lied about its technology, including a fake claim that its propulsion system had been successfully tested in space. Stable Road repeated Momentus s misleading statements in public filings, while according to the SEC, failed to conduct adequate due diligence of Momentus.

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SEC оштрафовала космический стартап с российскими корнями на $7 млн

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