Pomerantz Appointed Co-Lead Counsel in Astra Space Securities Litigation

On October 17, 2022, U.S. Magistrate Judge Marcia M. Henry, of the Eastern District of New York, appointed Pomerantz LLP as Co-Lead Counsel on behalf of its client, Qingping Deng, who serves as the Co-Lead Plaintiff – with another, and the class, in In re Astra Space Inc. f/k/a Holicity Inc. Sec. Lig., 22-cv-737 (E.D.N.Y.). This securities action alleges that Astra Space Inc. misled the market by significantly overstating both the reliability and versatility of its rockets and the commercial prospects for the Company’s business. Astra designs and operates space launch vehicles and ground infrastructure solutions to support space operations that enable customers, including satellite operators, defense contractors and government…