{"success":true,"data":{"pressRelease":{"id":"134114","rtpr_id":"nBw4Wbp8ga","ticker":"YSS","exchange":"NYSE","all_tickers":["YSS"],"title":"Law Offices of Frank R. Cruz Encourages York Space Systems, Inc. (YSS) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","published_at":"2026-09-02T14:05:00.087Z","article_body":"Law Offices of Frank R. Cruz Encourages York Space Systems, Inc. (YSS)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=6efa52ebcee3a40a5b313305a85bda74)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired York Space Systems, Inc. (“York Space\nSystems” or the “Company”) (NYSE: YSS\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FYSS%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=YSS&index=2&md5=c290fa6243f8eb47df4abde15a2f4b64)\n): (a) common stock pursuant and/or traceable to the registration statement\nand prospectus issued in connection with the January 2026 initial public\noffering; and/or (b) securities between January 29, 2026 and May 11, 2026,\ninclusive (the “Class Period”). York Space Systems, Inc. investors have\nuntil October 30, 2026 to file a lead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR YORK SPACE SYSTEMS, INC. (YSS), INVESTMENTS,\nCLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fyork-space-systems-inc%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=HERE&index=3&md5=e63c22da94d474670c0d799aeb789ee7)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=758ec7f93820e2191062142f62f21afe)\n.\n\nWhat Happened?\n\nOn May 11, 2026, at approximately 10 AM EST, Wolfpack Research published a\nreport, stating that it “suspect[s]” that the Pentagon’s decision to\n“halt Tranche 3 funding and destroy the SDA . . . may have been due to\nYork’s failure to live up to their own hype.” Among other things, the\nreport stated that the Company’s “main pitch to customers and investors”\nwas “that they [are] operating on a modular platform” but multiple former\nemployees claimed that York “sent satellites into space without even knowing\nif the software was fit to accomplish its basic mission.” That is, the\nreport claimed that “York’s satellites simply did not function as expected\nbecause the company did not finish developing the software for these\nsatellites before launching them” and waited until they were in orbit to\nfully debug them.\n\nOn this news, YSS stock price fell approximately $7 during intraday trading on\nMay 11, 2026, thereby injuring investors.\n\nBy the commencement of this action, the Company’s stock was trading as low\nas $9.33 per share, an over 70% decline from the $34 per share IPO price.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that Defendants made\nmaterially false and/or misleading statements, as well as failed to disclose\nmaterial adverse facts about the Company’s business, operations, and\nprospects. Specifically, Defendants failed to disclose to investors that: (1)\nthat York’s onboard mission and payload software was not fully functional\nbefore satellites were launched; (2) that this ongoing trend presented a risk\nto the Company’s contracts with the SDA deceived the SDA with false\nadvertising to win its contracts, cut corners, and delivered satellites whose\nmission-critical-software was not completed; and (3) that, as a result of the\nforegoing, Defendants’ positive statements about the Company’s business,\noperations, and prospects, were materially misleading and/or lacked a\nreasonable basis.\n\nContact Us To Participate or Learn More:\n\nIf you purchased York securities, wish to learn more about this action, or\nhave any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fyork-space-systems-inc%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=HERE&index=5&md5=4b098c48f3df13498cf564a563f0faa2)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=9d4215b4c2f63da1ec053fd50e6cc6ab)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260902853422/en/\n(https://www.businesswire.com/news/home/20260902853422/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=99176951cd75d1867cf7e9f3b50aa276)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4Wbp8ga","title":"Law Offices of Frank R. Cruz Encourages York Space Systems, Inc. (YSS) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","ticker":"YSS","created":"2026-09-02T14:05:00.087Z","tickers":["YSS"],"exchange":"NYSE","article_body":"Law Offices of Frank R. Cruz Encourages York Space Systems, Inc. (YSS)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=6efa52ebcee3a40a5b313305a85bda74)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired York Space Systems, Inc. (“York Space\nSystems” or the “Company”) (NYSE: YSS\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FYSS%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=YSS&index=2&md5=c290fa6243f8eb47df4abde15a2f4b64)\n): (a) common stock pursuant and/or traceable to the registration statement\nand prospectus issued in connection with the January 2026 initial public\noffering; and/or (b) securities between January 29, 2026 and May 11, 2026,\ninclusive (the “Class Period”). York Space Systems, Inc. investors have\nuntil October 30, 2026 to file a lead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR YORK SPACE SYSTEMS, INC. (YSS), INVESTMENTS,\nCLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fyork-space-systems-inc%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=HERE&index=3&md5=e63c22da94d474670c0d799aeb789ee7)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=758ec7f93820e2191062142f62f21afe)\n.\n\nWhat Happened?\n\nOn May 11, 2026, at approximately 10 AM EST, Wolfpack Research published a\nreport, stating that it “suspect[s]” that the Pentagon’s decision to\n“halt Tranche 3 funding and destroy the SDA . . . may have been due to\nYork’s failure to live up to their own hype.” Among other things, the\nreport stated that the Company’s “main pitch to customers and investors”\nwas “that they [are] operating on a modular platform” but multiple former\nemployees claimed that York “sent satellites into space without even knowing\nif the software was fit to accomplish its basic mission.” That is, the\nreport claimed that “York’s satellites simply did not function as expected\nbecause the company did not finish developing the software for these\nsatellites before launching them” and waited until they were in orbit to\nfully debug them.\n\nOn this news, YSS stock price fell approximately $7 during intraday trading on\nMay 11, 2026, thereby injuring investors.\n\nBy the commencement of this action, the Company’s stock was trading as low\nas $9.33 per share, an over 70% decline from the $34 per share IPO price.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that Defendants made\nmaterially false and/or misleading statements, as well as failed to disclose\nmaterial adverse facts about the Company’s business, operations, and\nprospects. Specifically, Defendants failed to disclose to investors that: (1)\nthat York’s onboard mission and payload software was not fully functional\nbefore satellites were launched; (2) that this ongoing trend presented a risk\nto the Company’s contracts with the SDA deceived the SDA with false\nadvertising to win its contracts, cut corners, and delivered satellites whose\nmission-critical-software was not completed; and (3) that, as a result of the\nforegoing, Defendants’ positive statements about the Company’s business,\noperations, and prospects, were materially misleading and/or lacked a\nreasonable basis.\n\nContact Us To Participate or Learn More:\n\nIf you purchased York securities, wish to learn more about this action, or\nhave any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fyork-space-systems-inc%2F&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=HERE&index=5&md5=4b098c48f3df13498cf564a563f0faa2)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=9d4215b4c2f63da1ec053fd50e6cc6ab)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260902853422/en/\n(https://www.businesswire.com/news/home/20260902853422/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nCentury City, CA 90067\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54597748&newsitemid=20260902853422&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=99176951cd75d1867cf7e9f3b50aa276)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-02T14:05:00.141193329Z","server_sent_at_ms":1788357900141},"received_at":"2026-09-02T14:05:00.227Z","source_url":"https://www.businesswire.com/news/home/20260902853422/en/"},"analysis":{"id":"123005","press_release_id":"134114","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["Securities fraud class action alleges satellites were launched before mission-critical software was completed","Stock down over 70% from $34 IPO price, trading as low as $9.33","Wolfpack Research report alleged Pentagon halted SDA Tranche 3 funding over York's failure to deliver","Class period sweeps in all January 2026 IPO purchasers"],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz announced a securities fraud class action against York Space Systems on behalf of shareholders who bought stock in the January 2026 IPO or between January 29 and May 11, 2026, with a lead plaintiff deadline of October 30, 2026.\n\nThe suit follows a May 11 Wolfpack Research report alleging York launched satellites with incomplete mission software; YSS fell roughly $7 intraday that day and has traded as low as $9.33, more than 70% below the $34 IPO price.\n\nThe complaint alleges defendants misled investors about onboard software functionality and risks to SDA contracts, and that positive statements about the business lacked a reasonable basis.\n\nThis release itself is a plaintiff-firm solicitation with no new issuer disclosure or court ruling, so treat it as low-signal marketing around already-public allegations.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm class-action solicitation for YSS -- suppress; the underlying short-report fallout is already public."},"keyFigures":{"customDimensions":{"ipo_price":34,"class_period":"January 29, 2026 to May 11, 2026","stock_price_low":9.33,"decline_from_ipo":"over 70%","intraday_drop_may_11":"approximately $7","lead_plaintiff_deadline":"October 30, 2026"}},"quotedText":"“that they [are] operating on a modular platform”","namedEntities":{"people":[{"name":"Frank R. Cruz","role":"principal attorney, Law Offices of Frank R. Cruz"}],"products":[],"companies":[{"name":"York Space Systems, Inc.","ticker":"YSS","relationship":"subject of class action"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"},{"name":"Wolfpack Research","relationship":"short-seller research firm whose report triggered the stock decline"}],"dollarAmounts":[{"amount":"$7","context":"approximate intraday stock price decline on May 11, 2026"},{"amount":"$9.33 per share","context":"low trading price at commencement of the action"},{"amount":"$34 per share","context":"January 2026 IPO price"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued under the Law Offices of Frank R. Cruz name, seeking lead-plaintiff candidates for a securities fraud class action. It recaps the May 2026 Wolfpack Research allegations already public; no certified class, no settlement, and no new issuer disclosure."},"tickerRelevance":{"others":[],"primary":"YSS"},"globalImportance":12,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"lawFirm":"Law Offices of Frank R. Cruz","tickerTier":"recent-IPO small/mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEvent":"securities class action following May 2026 Wolfpack Research short report","retailFavoriteBoost":0}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Law Offices of Frank R. Cruz announced a securities fraud class action against York Space Systems on behalf of shareholders who bought stock in the January 2026 IPO or between January 29 and May 11, 2026, with a lead plaintiff deadline of October 30, 2026.\n\nThe suit follows a May 11 Wolfpack Research report alleging York launched satellites with incomplete mission software; YSS fell roughly $7 intraday that day and has traded as low as $9.33, more than 70% below the $34 IPO price.\n\nThe complaint alleges defendants misled investors about onboard software functionality and risks to SDA contracts, and that positive statements about the business lacked a reasonable basis.\n\nThis release itself is a plaintiff-firm solicitation with no new issuer disclosure or court ruling, so treat it as low-signal marketing around already-public allegations.","key_figures":{"customDimensions":{"ipo_price":34,"class_period":"January 29, 2026 to May 11, 2026","stock_price_low":9.33,"decline_from_ipo":"over 70%","intraday_drop_may_11":"approximately $7","lead_plaintiff_deadline":"October 30, 2026"}},"named_entities":{"people":[{"name":"Frank R. Cruz","role":"principal attorney, Law Offices of Frank R. Cruz"}],"products":[],"companies":[{"name":"York Space Systems, Inc.","ticker":"YSS","relationship":"subject of class action"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"},{"name":"Wolfpack Research","relationship":"short-seller research firm whose report triggered the stock decline"}],"dollarAmounts":[{"amount":"$7","context":"approximate intraday stock price decline on May 11, 2026"},{"amount":"$9.33 per share","context":"low trading price at commencement of the action"},{"amount":"$34 per share","context":"January 2026 IPO price"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T17:14:42.067Z","global_importance":12,"audience_relevance":12,"importance_components":{"lawFirm":"Law Offices of Frank R. Cruz","tickerTier":"recent-IPO small/mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEvent":"securities class action following May 2026 Wolfpack Research short report","retailFavoriteBoost":0}},"durationMs":126723,"modelName":"glm-4.7"}}