Shareholder rights firms Glancy Prongay Wolke & Rotter LLP and Robbins LLP filed a class-action lawsuit against York Space Systems. The complaint alleges the company issued misleading statements about its satellite software functionality and the stability of its contract with the Pentagon’s Space Development Agency.
The lawsuit represents investors who purchased York securities from its January 2026 IPO through May 11, 2026.
A May 11 report from Wolfpack Research triggered the legal action by claiming York launched satellites with unfinished software. This disclosure caused a significant drop in the company's stock price.