MAXAR TECHNOLOGIES, LTD. INVESTOR ALERT: Girard Gibbs Announces Investigation on Behalf of MAXR Investors
SAN FRANCISCO--(BUSINESS WIRE)--Aug 7, 2018--Girard Gibbs LLP is investigating claims on behalf of investors of Maxar Technologies, Ltd. (NYSE: MAXR) involving possible securities law violations.
On August 7, 2018, Spruce Point Capital Management published a research report alleging that Maxar “has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%”.
Specifically, the report asserts that Maxar used its acquisition of DigitalGlobe “to inflate [its] intangible assets” and had “amended its post-retirement benefit plan to book one-time gains” in a manner that “was not fully disclosed across its investor communications”.
Following publication of the Spruce Point report, Maxar’s stock price fell more than 13% to close at $38.44 on August 7, 2018, thereby injuring investors.
If you purchased or acquired share of MAXR and would like to speak privately with a securities attorney to learn more about the investigation or your legal rights as an investor, please visit our or contact the securities team directly at (800) 254-9493.
About Girard Gibbs
Girard Gibbs is a national litigation firm representing investors, businesses, municipalities and unions in class and individual actions in state and federal courts throughout the country. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have been honored for the quality of their work and legal achievements with recognition in the list for five consecutive years.
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CONTACT: Girard Gibbs LLP
Eileen Epstein, 510-350-9728
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Girard Gibbs LLP
Copyright Business Wire 2018.
PUB: 08/07/2018 08:49 PM/DISC: 08/07/2018 08:49 PM