Rockley (RKLY) and SC Health (SCPE) Merger Case

C.D. California

Court

2:23-cv-09501

Case number

03/19/2021

Class period Start

01/23/2023

Class period End

01/08/2024

Lead Plaintiff motion deadline

On January 23, 2023, the news about Rockley filing for Chapter 11 bankruptcy was announced.
Following this, $RKLY plummeted to almost zero.
Rockley and SC Health investors were completely wiped out, resulting in significant losses.
Rockley supposedly misled about the financial state of the company and its prospects for a merger with SC Health:
Rockley hid risks to its joint venture with Hengtong, involving Hengtong's acquisition of Huawei Marine.
Also, Rockley didn't have the customer base or enough orders as claimed to investors.
After the truth came out and Rockley filed for bankruptcy, $RKLY fell to almost zero, damaging shareholders.

Based on all of the above, investors have reason to suspect that Rockley hid information about its business, joint venture partner and the prospects for a $SCPE merger.

Case Status

Motion to dismiss

Alleged Offence

Mismanagement,

Misleading Statements,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

01/23/2023

Filing date

11/09/2023

Lead Plaintiff Deadline

01/08/2024

Rockley (RKLY) and SC Health (SCPE) Merger Case

Collecting participants…