Bleecker Street report brings Rocket Lab share price down and sparks litigation interest

Bleecker Street report brings Rocket Lab share price down and sparks litigation interest
A report from Bleecker Street Research says the large number of NZers associated with Rocket Lab could affect the company's future prospects. (Image: Supplied)
Dileepa Fonseka
A US law firm is searching for shareholders affected by a nearly 10% Rocket Lab share price drop that accompanied the release of a highly critical research report into the company.The share price of the NASDAQ-listed Rocket Lab fell 9.83% to US$20.28 (NZ$35.50) by the time US markets closed mid-morning on Wednesday.US law firm Block & Leviton called on Wednesday for Rocket Lab shareholders affected by the share price drop to come forward.“Block & Leviton is investigating whether the Company committed securities law violations and...

More Markets

Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Drury’s ASX stag, MetroGlass’s new owner, and more
Markets Small Cap Wrap

Drury’s ASX stag, MetroGlass’s new owner, and more

Rod Drury goes ‘pre-revenue’ again, plus small cap news from NZ.