SpaceDev, Inc. is an American company that designs and builds components for the space industry.

According to a press release dated December 13, 2008, the Complaint asserts violations of Section 14(a) of the Securities Exchange Act based on allegations that the proxy statement issued in connection with the Sierra Nevada's Offer to purchase SpaceDev stock is materially misleading and fails to disclose all of the information
necessary for shareholders to make an informed decision to approve the Offer.

By order filed April 17, 2009, Robert E. Becker was appointed lead Plaintiff for the class. On August 06, 2009, the lead Plaintiff re-filed his motion for approval of his selection of lead and liaison Counsel, and supported his request with additional information. Lead Plaintiff’s selection of Rigrodsky & Long, P.A. as lead Counsel and his selection of Hulett Harper Stewart LLP as liaison Counsel were hereby approved.

On October 14, 2009, an amended Complaint was filed with the court.

On February 04, 2010, a notice of voluntary dismissal by the Plaintiff, by and through his undersigned Counsel, dismissed all claims against the Defendants and individuals.