Robbins Geller Rudman & Dowd and Johnson Fistel LLP filed a securities class action Thursday in California Central District Court against commercial space company Momentus Inc. and blank check company Stable Road Acquisition Corp. in connection with their 2020 merger announcement. The complaint, which follows a similar SEC enforcement action, accuses the defendants of misleading investors regarding the commercial viability of Momentus’s technology and failing to disclose that the U.S. government had conveyed that it considered Momentus CEO Mikhail Kokorich to be a national security threat. Counsel have not yet appeared for the defendants. The case is 2:21-cv-05744, Jensen v. Stable Road Acquisition Corp. et al.
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