Maxar Technologies Class Action Investigation

08.28.2019

Maxar Technologies Class Action Investigation

Girard Sharp is investigating reports that Maxar Technologies may have violated state and federal law by making false and misleading statements regarding the company’s business, operational and compliance policies.

Maxar is alleged to have improperly inflated the value of its intangible assets, among other accounting improprieties.

If you are a current or former shareholder of Maxar Technologies (NYSE Ticker: MAXR), you may be entitled to compensation. Protect your rights and contact a Girard Sharp securities attorney for a free and confidential case consultation by calling toll-free at (866) 981-4800 or by filling out the form below:

Speak to a Lawyer






History of Reported Misconduct By Maxar

On October 31, 2018, Maxar released disappointing third quarter financial and operational results.  Rather than a profit, as market analysts were led to expect, Maxar announced a $432-million net loss, largely attributed to negative impairment charges and inventory obsolescence in its core business.

On this news, the price of Maxar common stock plummeted 45%, from a close of $27.07 on October 30, 2018 down to close of $14.91 per share on October 31, 2018, on unusually high trading volume.

If you are a current or former shareholder of Maxar Technologies, you may be entitled to compensation. Protect your rights and contact a Girard Sharp securities attorney for a free and confidential case consultation by calling toll-free at (866) 981-4800 or by filling out the form above.

Our Commitment to Excellence

Girard Sharp has earned national Tier 1 rankings for Mass Tort and Class Action Litigation and has been named to the U.S. News – Best Lawyers “Best Law Firms” list each year since 2013. Read about some of our results.

We have recovered over a billion dollars for our clients against some of the nation’s largest corporations, such as Raymond James, Peregrine Financial Group, and OppenheimerFunds, in cases arising from securities fraud, false advertising and other unfair business practices.

For a free consultation about your potential claims, contact one of our consumer finance attorneys by filling out the form above or calling toll-free at (866) 981-4800.

Main Menu