BOSTON, March 04, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide and based in Boston, informs investors that there has been a class action lawsuit filed against Maxar Technologies Inc. (“Maxar” or the “Company”) (NYSE: MAXR) and certain of its officers alleging violations of the federal securities laws in federal court in Colorado. Shareholders are encouraged to contact Block & Leviton LLP to learn more.
The Complaint alleges that throughout the Class Period:(1) Maxar improperly inflated the value of its intangible assets, among other accounting improprieties; (2) Maxar’s highly-valued WorldView-4 was equipped with CMGs that were faulty and/or ill-suited for their designed and intended purpose; and (3) as a result, Maxar’s public statements were materially false and misleading at all relevant times. The lawsuit alleges that when the truth emerged, investors suffered damages.
If you purchased or otherwise acquired Maxar securities between March 29, 2018, and January 7, 2019, and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Attorney Dan DeMaria at (617) 398-5660, by email at dan@blockesq.com, or by visiting http://shareholder.law/maxar. Additionally, class members interested in serving as lead plaintiff are advised that they are required to move for appointment by March 15, 2019,
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
Dan DeMaria
(617) 398-5660 phone
155 Federal Street, Suite 400
Boston, MA 02110
dan@blockesq.com