Lead Plaintiff Deadline: June 08, 2020
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The filed complaint alleges that throughout the class period, defendants made false and misleading statements to the market. Specifically, the complaint alleges that Intelsat violated the Exchange Act by selling a block of the Company’s shares while holding material non-public information, including the fact that the Company had met with the Federal Communications Commission (the “FCC”) on November 5, 2019, regarding the private sale of wavebands controlled by Intelsat for future “5G” use (the “C-Band”). The FCC opposed the Company’s existing plans for a private sale of the C-Band, preferring a public auction. The FCC announced a public auction of the C-Band on November 18, 2019, contrary to the Intelsat wishes, its stock dropped 40%.
In order to be included in the lawsuit, you must have incurred a loss on shares of Intelsat, either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Intelsat, if applicable.
If you suffered a loss in Intelsat during the relevant time frame, or pursuant to Intelsat’s IPO if listed above, you have until June 08, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.