Lead Plaintiffs Appointed in AST SpaceMobile, Inc. Stockholders Litigation

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Published May 10, 2024

Levi & Korsinsky, LLP recently filed a class action lawsuit  on behalf of current and former stockholders in AST SpaceMobile, Inc. (NASDAQ:ASTS) who allegedly suffered losses due to the merger of New Providence Acquisition Corporation and AST & Science, LLC in April 2021. The lawsuit (In re AST SpaceMobile, Inc. Stockholders Litigation, Consolidated C.A. No. 2023-1292-PAF) is currently pending in the Delaware Court of Chancery.

On April 29, 2024, Vice Chancellor Paul A. Fioravanti, Jr. signed an order appointing Earnest Taylor and Dean William Drulias  as Co-Lead Plaintiffs and appointing Levi & Korsinsky, LLP and Grant & Eisenhofer P.A. as Co-Lead Counsel. A copy of the order can be viewed here.