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Company: Maxar Technologies Inc.
Kaskela Law LLC is investigating Maxar Technologies Inc. (“Maxar” or the “Company”) (NYSE: MAXR) on behalf of the company’s stockholders.
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 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.
Current Maxar stockholders who purchased or acquired shares of Maxar’s common stock prior to March 26, 2018are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the form on this page, for additional information about this investigation and their legal rights and options.