The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Maxar Technologies Ltd. (Maxar or the Company) (NYSE: MAXR) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between March 29, 2018 and January 7, 2019, inclusive (the Class Period), are encouraged to contact the firm before March 15, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Maxar committed various accounting improprieties, including inflating the value of intangible assets. The Companys WorldView-4 imaging satellite was equipped with CMG units that were not proper for this application and suffered from faults. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about Maxar, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.