An investigation for investors in Maxar Technologies Ltd. (NYSE: MAXR) shares over potential securities laws violations by Maxar Technologies was announced.
San Diego, CA -- (SBWIRE) -- 08/28/2018 -- An investigation was announced over potential securities laws violations by Maxar Technologies and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Maxar Technologies Ltd. (NYSE: MAXR), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Maxar Technologies Ltd. (NYSE: MAXR) concerning whether a series of statements by Maxar Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 7, 2018, Spruce Point Capital Management published a research report on Maxar Technologies Ltd.. The report alleged, in part, that Maxar Technologies Ltd. "has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%." Specifically, the report asserted that Maxar Technologies Ltd. had 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."
Those who purchased shares of Maxar Technologies Ltd. (NYSE: MAXR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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