8 FREQUENTLY ASKED QUESTIONS ABOUT THE AST SPACEMOBILE CLASS ACTION LAWSUIT

8 frequently asked questions about the AST SPACEMOBILE CLASS ACTION LAWSUIT

4/19/2024

Contact AST SpaceMobile stock loss lawyer Timothy L. Miles today about an AST SpaceMobile class action lawsuit

INTRODUCTION TO THE AST SPACEMOBILE CLASS ACTION LAWSUIT

ASP class action lawsuit: Stock market chart,Stock market data on LED display concept.a large display of daily stock market price and quotation

The AST SpaceMobile class action lawsuit seeks to represent purchasers or acquirers of AST SpaceMobile, Inc. (NASDAQ: ASTS; ASTSW) publicly traded securities between November 14, 2023 and April 1, 2024, inclusive (the “Class Period”). Captioned Klarkowski v. AST SpaceMobile, Inc., No. 24-cv-00102 (W.D. Tex.), the AST SpaceMobile class action lawsuit charges AST SpaceMobile and certain of AST SpaceMobile’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered losses in AST SpaceMobile stock and wish to serve as lead plaintiff, or just have general questions about your rights as a shareholder, please contact AST SpaceMobile Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions must be filed with the court no later than June 17, 2024.

Read on for answers to eight frequently asked questions by investors about the AST SpaceMobile class action lawsuit.

what are THE ALLEGATIONS IN THE AST SPACEMOBILE CLASS ACTION LAWSUIT?

AST SpaceMobile claims to develop and provide access to a space-based cellular broadband network for smartphones in the United States distributed through a constellation of Low Earth Orbit satellites. The allegations in the AST SpaceMobile class action lawsuit can be summarized as follow:

False and Misleading Statements:

Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) production of AST SpaceMobile’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (ii) as a result, AST SpaceMobile had not substantially completed the production of the Block 1 BlueBird satellites; and (iii) consequently, AST SpaceMobile’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024.

2. Delays in Integration and Testing:

On April 1, 2024, AST SpaceMobile disclosed that production of five Block 1 BlueBird satellites had been “impacted by two suppliers, leading to delays in integration and testing” that would delay the transportation of the satellites to the launch site from the first quarter of 2024 to between July or August 2024. On this news, the price of AST Mobile stock fell nearly 24%, according to the AST SpaceMobile class action lawsuit.

what is THE LEAD PLAINTIFF DEADLINE IN THE AST SPACEMOBILE CLASS ACTION LAWSUIT?

When a securities class action is filed such as the AST SpaceMobile class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. Lead plaintiff motions for the AST SpaceMobile class action lawsuit must be filed with the court no later than June 17, 2024.

what is THE LEAD PLAINTIFF PROCESS IN THE AST SPACEMOBILE CLASS ACTION LAWSUIT?

AST SpaceMobile class action lawsuit: Financial stock exchange market display screen board on the street, selective focus

Call us to discuss your options in the ASP SpaceMobile class action lawsuit

The PSLRA permits any investor who purchased and suffered losses in AST SpaceMobilestock to seek appointment as lead plaintiff in the AST SpaceMobile class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.

Can Non-U.S. Investors Serve as Lead Plaintiffs in the Class Action Against AST SpaceMobile?

Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in AST SpaceMobile stock, they may move the Court to be appointed lead plaintiff in the class action against AST SpaceMobile.

Can I Be Appointed Lead Plaintiff in the AST SpaceMobile Lawsuit if I Purchased Shares Outside of the Class Period?

No. Even if you suffered losses in AST SpaceMobile stock, if you purchased securities outside of the Class period, you will not be able to participate in the AST SpaceMobile lawsuit.

Can I Be Lead Plaintiff in the AST SpaceMobile Class Action Lawsuit if I am Lead Plaintiff in Another Case?

Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in AST SpaceMobile stock, you may move to be appointed lead plaintiff.

Can the Court Appoint More than One Lead Plaintiff the AST SpaceMobile class action lawsuit?

Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the AST SpaceMobile class action lawsuit.

How Do I Know if I am a Member of the Class in the AST SpaceMobile class action lawsuit?

If you purchased shares during the class period and suffered losses in AST SpaceMobile stock, then you are most likely a member of the class in the AST SpaceMobile class action lawsuit and may participate in the AST SpaceMobile lawsuit since you suffered losses in AST SpaceMobile stock.

CONTACT AN AST SPACEMOBILE STOCK LOSS LAWYER TODAY ABOUT AN AST SPACEMOBILE CLASS ACTION LAWSUIT

If you suffered losses in AST SpaceMobile stock, contact AST SpaceMobile stock loss lawyer Timothy L. Miles today for a free case evaluation about an AST SpaceMobile class action lawsuit. Call today and see what an AST SpaceMobile stock loss lawyer could do for you if you suffered losses in AST SpaceMobile stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
Email: [email protected]

AST SPACEMOBILE STOCK LOSS LAWYER TIMOTHY L. MILES

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association ,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.

CONTACT
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]