NEW YORK, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Maxar Technologies Ltd. (“Maxar” or “the Company”) (NYSE: MAXR) concerning possible violations of federal securities laws.
On August 7, 2018, Spruce Point Capital Management published a report alleging that Maxar is engaging in a “brazen intangible asset inflation scheme to overstate EBITDA and EPS…” The report further asserted that the Company “amended its post-retirement benefit plan to book one-time gains” in a manner that “was not fully disclosed across its investor communications.” Following this news, shares of Maxar fell from a close of $44.41 per share on August 6, 2018, to a close of $36.69 on August 8, 2018. To obtain additional information, go to:
http://www.zlk.com/pslra-d/maxar-technologies
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.