Shareholder Rights Law Firm Robbins Arroyo LLP Investigates Maxar Technologies Inc. (MAXR) for Hiding Problems With Its Satellite
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
(619) 525-3990 or Toll Free (800) 350-6003
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