Recently an amended securities fraud complaint was filed against Maxar on behalf of investors who purchased shares of Maxar’s common stock between March 26, 2018 to January 6, 2019. According to the complaint, during that time period Maxar and certain of the Company’s senior executive officers knowingly and/or recklessly issued a series of false and misleading statements regarding: (i) the Company’s financial reporting of GeoComm’s materially impaired balance sheet assets; (ii) a geosynchronous satellite construction contract known as AMOS-8 that proved to be illusory; and (iii) the October 2018 failure of the WorldView-4 imagery satellite concealed from investors.
The investigation seeks to determine whether the members of Maxar’s board of directors breached their fiduciary duties to Maxar and its stockholders in connection with the above alleged misconduct.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
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