An investigation on behalf of current long term investors in Astra Space, Inc. (NASDAQ:ASTR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/03/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Astra Space, Inc.
Investors who are current long term investors in Astra Space, Inc. (NASDAQ: ASTR) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: ASTR stocks follows a lawsuit filed against Astra Space, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ASTR stocks, concerns whether certain Astra Space directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, 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.
Those who purchased shares of Astra Space, Inc. (NASDAQ: ASTR) have certain options and should contact the Shareholders Foundation.
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