Los Angeles – September 10, 2026 -- Investors who lost money on York Space Systems, Inc. securities have until October 30, 2026 to seek lead plaintiff status in a securities fraud class action filed against the company, according to law firm Glancy Prongay Wolke & Rotter LLP.
Complaint alleges York misrepresented satellite software readiness before launch
The lawsuit alleges York's onboard mission and payload software was not fully functional before satellites were launched, contradicting the company's public statements about its business and operations.
Allegations tie software gaps to risk on SDA contracts
According to the complaint, the incomplete software created an ongoing risk to York's contracts with the SDA, with plaintiffs alleging the company used false advertising to win those contracts and delivered satellites with unfinished mission-critical software.
Plaintiffs claim positive statements lacked reasonable basis
The complaint asserts that Defendants' positive statements about York's business, operations, and prospects were materially misleading and lacked a reasonable basis once the alleged software shortfalls are accounted for.
Lead plaintiff motion deadline set for October 30, 2026
Investors seeking to serve as lead plaintiff must file a motion with the court no later than October 30, 2026. Shareholders may also take no action and remain absent class members, as no class has yet been certified. Glancy Prongay Wolke & Rotter LLP, ranked 2nd in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025, is soliciting affected investors to come forward.