Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, July 14, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Stable Road Acquisition Corp. ("Stable Road" or the "Company") (NASDAQ: SRAC) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The U.S. Securities and Exchange Commission (SEC) made known on July 13, 2021 that it has sued Stable Road, a special-purpose acquisition company. It is alleged in particular that Momentus, a Company Stable Road was attempting to acquire, lied about its technology, including a false claim that its propulsion system had been "successfully tested" in space. Momentus' misleading statements were repeated by Stable Road in public filings, while according to the SEC, failed to conduct adequate due diligence of Momentus. In October, Momentus agreed to go public by way of a merger with Stable Road for an enterprise value of about $1.2 billion, a price that was later revised lower to $700 million. Stable Road fell more than 10% in after-market trading on July 13, 2021, following this news.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com 

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