NEW YORK--(BUSINESS WIRE)--Sep 1, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against York Space Systems, Inc. (“York” or the “Company”) (NYSE: YSS) and reminds investors of the October 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) that York's onboard mission and payload software was not fully functional before satellites were launched; (2) that this ongoing trend presented a risk to the Company's contracts with the SDA; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
On May 11, 2026, Wolfpack Research published a report entitled "YSS: Lost In Space — The Pentagon Just Killed 96% of York's Revenue," citing multiple former software engineers who stated that York "sent satellites into space without even knowing if the software was fit to accomplish its basic mission," and suspecting that the Pentagon's decision to eliminate Tranche 3 funding was "rooted in severe disappointment in York." On this news, YSS stock price fell approximately $7 during intraday trading on May 11, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding York’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the York Space Systems, Inc. class action, go to www.faruqilaw.com/YSS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the York Space Systems Securities Class Action Lawsuit:
What is the York Space Systems securities fraud lawsuit about?
The lawsuit alleges York Space Systems misled investors by failing to disclose that its onboard mission and payload software was not fully functional before satellite launches, potentially jeopardizing contracts with the Space Development Agency (SDA).
Who may be eligible to participate in the lawsuit?
Investors who acquired York securities in connection with its January 2026 IPO and/or purchased or acquired York securities between January 29, 2026 and May 11, 2026 may be eligible to participate, particularly if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the investor class and helps direct the litigation. Eligible York investors may ask the court to serve as lead plaintiff by filing a motion by October 30, 2026. Investors may contact Faruqi & Faruqi to discuss the process and their legal rights.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased York Space Systems securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
YSS DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds York Space Systems (NYSE: YSS) Investors of Securities Class Action Lawsuit Deadline on October 30, 2026
LOS ANGELES (AP) — The U.S. Department of Justice has threatened California with possible legal action over what it says are noncitizens believed to have received mail ballots for next month’s midterm elections.
A letter sent Tuesday to Secretary of State Shirley Weber from Trent McCotter, the acting deputy U.S. attorney general, says the department has provided officials in Los Angeles County with a password-protected thumb drive that contains a list of names the federal government believes are likely noncitizens who were sent ballots to participate in the Nov. 3 election.
California mails ballots to all registered voters.
The letter obtained by The Associated Press gives the state 48 hours to determine whether any citizens are included on the list. For individuals whose citizenship cannot be independently verified, the state is to instruct local election officials to segregate their mail-in ballots until their status can be determined, and to not provide a ballot to anyone who has not yet received it. The letters warns that legal action may follow if the state does not meet the 48-hour deadline to review the list.
“If you cannot implement this process by then, given the ongoing federal election, the United States will have no choice but to seek emergency relief,” the letter states.
A separate, similar letter was sent to the registrar's office in Los Angeles County, which the U.S. attorney's office had investigated during the state's June primary.
Los Angeles County Registrar Dean Logan confirmed in a statement that his office received the letter and a thumb drive, along with a “hand written note providing a password” to access the list of alleged noncitizens on the voter rolls.
He said he did not consider the thumb drive a secure device and hasn't yet accessed any files. The letter, which Logan made public, does not specify the number of individuals flagged by the federal government.
Logan said his office is working with the secretary of state and attorney general's offices to decide how to proceed. Neither of those two offices immediately responded to an emailed request for comment.
“Federal and state laws are clear on how voter eligibility is established,” Logan wrote. “And any action to remove a voter from eligibility must be based on verifiable information, not assertions of unconfirmed data matching.”
The Trump administration has made the hunt for noncitizen voters a priority this year, even though the problem is exceptionally rare. The Justice Department has charged about 90 people for various types of election misconduct so far this year, including 50 who are alleged to have voted as noncitizens. There were more than 227 million registered voters in the United States during the 2024 presidential election.
In July, Homeland Security Secretary Markwayne Mullin sent letters to California, Nevada, New Jersey and Pennsylvania, alleging that as many as 250,000 noncitizens were registered in those states. Election officials there were skeptical of the claim, including Weber, the California secretary of state.
“I have serious doubts about the reliability of your data and accuracy of your claims, since my office has not shared our statewide voter registration list with DHS or any other federal agency or official,” Weber said in response.
That same month, the Republican administration claimed Nevada had 1,500 noncitizen voters on its voter rolls. But after the federal government identified them to the state, the number of actual registered noncitizens turned out to be zero.
As part of its project to find noncitizens on the voter rolls, the Justice Department has been seeking detailed voter information — including dates of birth, addresses, driver's license numbers and partial Social Security numbers — from the states. Some Republican-led states have turned over the information, which has been run through a U.S. Department of Homeland Security database that has been criticized as inaccurately flagging U.S. citizens.
The Justice Department has sued 30 states and the District of Columbia for that information, but so far has lost those cases in court. California is among the states that successfully sued, in part by arguing that turning over the data would violate state privacy laws.
Santa Cruz County Clerk Tricia Webber, who is president of the California Association of Clerks and Election Officials, said she had not seen the letters but said the 48-hour deadline to vet voters flagged by the federal government was “completely unreasonable.”
She said when there is a report of an ineligible voter incorrectly on the rolls, her office does due diligence to investigate. That involves looking at the voter’s registration history, identifying whether that person had voted before and, most importantly, reaching out to the voter, she said.
“It would take more than 48 hours to even begin to get the full picture,” Webber said. She also questioned how the federal government came up with a list of alleged noncitizen voters since it doesn’t have access to the state's detailed voter information.
Webber added that throughout the course of her decades-long career working for local election agencies, she has “never seen anything that would make me believe that our voter records are filled with fraudulent voters.”
FILE - The U.S. Department of Justice logo is seen on a podium before a news conference, May 4, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson, File)
FILE - The U.S. Department of Justice logo is seen on a podium before a press conference, May 6, 2025, at the Justice Department in Washington. (AP Photo/Julia Demaree Nikhinson, File)
