Intelsat S.A. Loss Form

Company: Intelsat S.A.

Ticker: (NYSE) I

Deadline

Passed

Lead Plaintiff Deadline: June 08, 2020

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Allegations

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%.