Case Status
Motion to Dismiss Denied (In Full or in Part)
Case Caption
Lemen v. Redwire Corporation, et al.
Lead Counsel
Practice Areas
U.S. District Court for the Middle District of Florida
Judge Assigned
Hon. Patricia D. Barksdale
Case Number
Redwire Corporation f/k/a Genesis Park Acquisition Corp.
Peter Cannito
William Read
Stock Symbol
File Date
Class Period
Lead Plaintiff Deadline

The action arises out of Redwire’s allegedly false and misleading financial statements leading up to its merger with Genesis Park Acquisition Corp. (GPAC) in early Sept. 2021.

Specifically, Defendants misrepresented and failed to disclose: (1) that there were accounting issues at one of Redwire’s subunits; (2) that, as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; 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.

The truth began to emerge on Nov. 10, 2021, when the company announced it would not report its Q3 2021 financial results as expected that day. Redwire explained that an employee raised concerns about potential accounting issues with a business unit 5 days before and that its audit committee was investigating the employee’s claims.

Then, on Nov. 15, 2021, before the market opened, Redwire announced that due to the pending investigation, “the Company has not been able to finalize its financial statements [for the period ended Sep. 30, 2021] or its assessment of the effectiveness of its disclosure controls and procedures and any impact” on the report.

These disclosures drove the price of Redwire shares sharply lower.


Court Denies Defendants' Motion to Dismiss First Amended Complaint

First Amended Complaint is Filed
Hagens Berman is appointed Lead Counsel

On April 4, 2022, U.S. Magistrate Judge Patricia D. Barksdale appointed Hagens Berman as Lead Counsel in the case against Redwire concerning the Company's merger with Genesis Park Acquisition Corp. in early September 2021.

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