Apr. 8 at 1:03 PM
$LLAP Defendants Terran Orbital Corporation, Marc H. Bell, Mathieu Riffel, Gary A. Hobart, and Stratton Sclavos (“Defendants”) respectfully move this Court of an entry of an Order dismissing the First Amended Class Action Complaint (ECF No. 37) with prejudice, pursuant to the Private Securities Litigation Reform Act of 1995 (the “Reform Act”) and Federal Rules of Civil Procedure 9(b) and 12(b)(6). PRELIMINARY STATEMENT Plaintiffs claim that Defendants should have predicted the future and foreseen the impact of actions by third parties. They argue that Defendants made false and misleading statements about the future success of Terran Orbital Corporation (“Terran” or the “Company”) based on statements about Defendants’ expectation that Rivada Space Networks GmbH (“Rivada”), an external party not within Defendants’ control, would satisfy its contractual funding commitments.
