New York, New York--(Newsfile Corp. - February 26, 2024) - Pomerantz LLP is investigating claims on behalf of investors of Intuitive Machines, Inc. ("Intuitive Machines" or the "Company") (NASDAQ: LUNR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Intuitive Machines and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 22, 2024, Intuitive Machines' Odysseus lunar lander reached the surface of the Moon, making Intuitive Machines the first private company to land on the Moon. Then, on February 23, 2024, Intuitive Machines revealed that the Odysseus lander had "tipped over on touchdown" and was laying on its side, with subsequent reports confirming that the lander's mission would be cut short.
On this news, Intuitive Machines' stock price fell $3.32 per share, or 34.62%, to close at $6.27 per share on February 26, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199352
