Maxar Technologies, Ltd. (MAXR) Investigated by Block & Leviton LLP For Violations of Federal Securities Laws

BOSTON, Aug. 8, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Maxar Technologies, Ltd. ("Maxar" or the "Company") (NASDAQ: MAXR) and certain of its officers and directors violated federal securities laws.

On August 7, 2018, Spruce Point Capital Management published a research report stating that Maxar "has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%." Spruce Point further asserted that the Company used its acquisition of DigitalGlobe "to inflate [its] intangible assets" and "amended its post-retirement benefit plan to book one-time gains" in a manner that "was not fully disclosed across its investor communications."

Following this report, the Maxar shares plunged more than 13%.

If you purchased or otherwise acquired MAXR securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney John DeFelice at (888) 868-2385, by email at [email protected] or by visiting http://shareholder.law/maxar.   

Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nations' largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.

This notice may constitute attorney advertising.

CONTACT:

BLOCK & LEVITON LLP
John DeFelice
(617) 398-5600 phone
155 Federal Street, Suite 400
Boston, MA 02110
[email protected]

SOURCE Block & Leviton LLP

Related Links

http://www.blockesq.com

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