Maxar Technologies Ltd. (NYSE: MAXR)

DEFENDANT NAME: Maxar Technologies Ltd.
STOCK SYMBOL: NYSE: MAXR
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the District of Colorado
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Mar. 29, 2018 - Jan. 7, 2019
LEAD PLAINTIFF DEADLINE: Mar. 15, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 MAXR@hbsslaw.com

Hagens Berman Sobol Shapiro LLP alerts investors in Maxar Technologies Ltd. (NYSE: MAXR) to the March 15, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the District of Colorado.

 

f you purchased or otherwise acquired securities of MAXR between March 29, 2018 and January 7, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing MAXR@hbsslaw.com.

On October 31, 2018, Defendants announced a massive $7.31 per share loss on sales of barely $508 million for the third quarter ended September 30, 2018.  In contrast, investors had expected the Company to report a profit.

This news drove the price of Maxar shares down $12.16, or about 45%, to close at $14.91.

More recently, on January 7, 2019, Defendants announced that its WorldView-4 satellite lost its axis of stability, could not collect imagery, and will likely not be recoverable.

This news drove the price of Maxar shares down $5.69 during two trading days to close at $6.03 on January 8, 2019.

Effective January 13, 2019, Maxar’s CEO (Howard Lance) resigned.

“We’re focused on investors’ losses and the extent to which management’s statements about asset values and merger-related benefits may have been misleading,” said Hagens Berman partner Reed Kathrein.


Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases

Contact:

Please fill out the form below and we will get back to you as soon as we can.
 
*
*
*
*
*
*
*
*
*
*
Upload your trade data *
File Upload *
Please Explain Your Potential Legal Claim *
*
*
 

Case videos

Case Gallery

Case Timeline

10/31/18: Investigation