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Shareholder Rights Law Firm Robbins Arroyo LLP Investigates Maxar Technologies Inc. (MAXR) for Hiding Problems With Its Satellite

January 28, 2019

SAN DIEGO--(BUSINESS WIRE)--Jan 28, 2019--Robbins Arroyo LLP announces that purchasers of Maxar Technologies Inc. (NYSE: MAXR) filed a class action against the company for alleged violations of the Securities and Exchange Act of 1934 between March 29, 2018 and January 7, 2019. Unbeknownst to investors, Maxar’s WorldView-4 satellite– which had a net book value of approximately $155 million – was equipped with faulty devices that would ultimately render it unusable. On January 7, 2019, Maxar revealed that the WorldView-4 experienced a catastrophic failure and would no longer produce usable imagery. Since news of Maxar’s troubles became public, the company’s stock plunged over 86% to close at $6.03 per share on January 8, 2019, and continues to fall.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/maxar-technologies-sh2/

Maxar Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leo Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005752/en/

CONTACT: Leo Kandinov

Robbins Arroyo LLP

LKandinov@robbinsarroyo.com

(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsarroyo.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Robbins Arroyo LLP

Copyright Business Wire 2019.

PUB: 01/28/2019 05:40 PM/DISC: 01/28/2019 05:40 PM

http://www.businesswire.com/news/home/20190128005752/en

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