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NEW ORLEANS–(BUSINESS WIRE– Kahn Swick & Foti, LLC ("KSF") and Partner of KSF, Former Attorney General
Louis C. Foti, Jr., reminds investors that they have up to
March 15, 2019 file principal applicant applications in a title
clbad action against Maxar Technologies Inc. (NYSE: MAXR), if
they bought the company's shares between March 29, 2018 and
January 7, 2019 inclusive (the "Clbad Period"). This action is pending
in the United States District Court for Colorado District.
What you can do
If you have purchased Maxar securities and would like to discuss your
legal rights and how this case could affect you and your right to
recover your economic loss, you can, without obligation or expense,
Contact Lewis Kahn, Managing Partner of KSF, toll-free at 1-877-515-1850
or by email ([email protected]),
or visit https://www.ksfcounsel.com/cases/nyse-maxr/
to learn more. If you wish to be a principal applicant in this clbad
action, you must seize the court by March 15, 2019.
About the trial
Maxar and some of his leaders are accused of failing to disclose
material information during the appeal period, in violation of
securities laws.
On January 7, 2019, the Company disclosed that its WorldView-4 satellite,
which generated sales of approximately $ 85 million in fiscal 2018 and net sales.
book value of approximately $ 155 million, could no longer produce usable images
due to a failure of his gyroscopes at check moment, resulting in a loss of
stability and that it would probably not be recoverable.
On this news, the Maxar share price fell $ 5.69 per share, or
48.5%.
The case is During v. Maxar Technologies, et al., 19-cv-00124.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Attorney General of Louisiana
Charles C. Foti, Jr., is a law firm specializing in securities, antitrust and antitrust laws.
clbad actions, as well as mergers and acquisitions and breach of
litigation against publicly traded companies on behalf of
shareholders. The company has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
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