SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Maxar Technologies Ltd. (MAXR)

NEW YORK, Aug. 7, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Maxar Technologies Ltd. ("Maxar" or the "Company") (NYSE: MAXR). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/maxr.

The investigation concerns whether Maxar and certain of its officers and/or directors have violated federal securities laws.

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."  Following publication of the Spruce Point report, Maxar's stock price fell sharply during intraday trading on August 7, 2018.

If you are aware of any facts relating to this investigation, or purchased Maxar shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/maxr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

Related Links

https://www.bgandg.com/

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