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Investigation
12/17/2021
Initial Lawsuit
12/17/2021
Lawsuit Progression
02/15/2022
This is a class action on behalf of persons and entities that purchased or otherwise acquired Redwire securities between August 11, 2021 and November 14, 2021, inclusive.
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors:
(1) that there were accounting issues at one of Redwire’s subunits;
(2) that, as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and
(3) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
