Portnoy Law Firm Announces Class Action on Behalf of York Space Systems Investors
The Portnoy Law Firm announced a securities class action on behalf of York Space Systems investors who bought between January 29, 2026 and May 11, 2026, with a lead plaintiff motion deadline of October 30, 2026. The claims track a May 11 Wolfpack short report alleging the Pentagon's elimination of the SDA Tranche 3 Transport Layer, a program responsible for the majority of York's annual revenue, and claiming York deceived the agency with false advertising and delivered satellites with incomplete mission-critical software. York completed its IPO of 18.5 million shares at $34.00 on or around January 29, 2026, the first day of the class period.
Key figures
- Ipo price
- 34
- Ipo shares
- 18500000
- Class period
- January 29, 2026 - May 11, 2026
- Lead plaintiff deadline
- October 30, 2026
- Alleged sda revenue share
- 96%
AI analysis
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