NEW YORK, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Maxar Technologies Ltd. (NYSE: MAXR). Our investigation concerns whether Maxar has violated the federal securities laws and/or engaged in other unlawful business practices.
On August 7, 2018, Spruce Point Capital Management (“Spruce Point”) published a research report on Maxar. The Spruce Point report alleged, in part, that Maxar “has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%”. Specifically, the report asserted that Maxar had used its acquisition of DigitalGlobe “to inflate [its] intangible assets” and had “amended its post-retirement benefit plan to book one-time gains” in a manner that “was not fully disclosed across its investor communications.”
On this news, shares of Maxar fell by more than 13% to close at $38.44 on August 7, 2018.
If you purchased or otherwise acquired Maxar shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Maxar Technologies Ltd. please go to https://bespc.com/maxar/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.