GRABAR LAW OFFICE INVESTIGATES POTENTIAL SHAREHOLDER DERIVATIVE ACTION ON BEHALF OF INVESTORS OF MAXAR TECHNOLOGIES, INC. (NYSE: MAXR)

A Federal Court recently issued an order denying Maxar’s motion to dismiss a pending securities class action. According to the complaint, Maxar’s financial statements were “inflated with goodwill and overcapitalized intangible assets,” to the tune of hundreds of millions of dollars. In September 2018, Maxar revealed the loss of its AMOS-8 contract, in October 2018, disclosed $345.9 million in impairment losses and $37.7 million impairment charges related to its GeoComm business and on January 7, 2019, Maxar announced its WorldView-4 “[would] no longer produce useable energy” because it had lost stability.

Current Maxar shareholders who have held shares of the Company’s stock since at least October 1, 2017 have standing to seek corporate governance reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate. $MAXR

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