San Diego, CA -- (SBWire) -- 05/09/2023 --Certain directors of Astra Space, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Astra Space, Inc. (NASDAQ: ASTR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Astra Space, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 09, 2022, a lawsuit was filed by an investor in Astra Space, Inc. (NASDAQ: ASTR) against Astra Space, Inc. in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Astra Space, Inc. f/k/a Holicity, Inc. in connection with certain allegedly false and misleading statements made between February 2, 2021 and December 29, 2021.
The plaintiff claimed that between February 2, 2021 and December 29, 2021, the defendants made false and/or misleading statements and/or failed to disclose: (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.
On December 28, 2022, an amended complaint was filed.
Those who purchased shares of Astra Space, Inc. (NASDAQ: ASTR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ: ASTR Shareholder Alert: Investigation over Potential Wrongdoing at Astra Space, Inc.
An investigation on behalf of investors in Astra Space, Inc. (NASDAQ: ASTR) shares over potential wrongdoing at Astra Space, Inc. was announced.