Globalstar ordered to produce witness in merger suit [Seeking Alpha]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Seeking Alpha
Globalstar ordered to produce witness in merger suitGlobalstar (NYSEMKT:GSAT) has been ordered to produce a witness for a June 21 deposition in a lawsuit filed by one of its investors, Bloomberg reports.Shares are2.3% lower after hours.Jason Mudrick and Mudrick Capital Managementsued the company in May over a planned merger with FiberLight and other assets also controlled by Globalstar chief Jay Monroe, calling it a "self-dealing" transaction.Mudrick hadconverted into an activist investor the month before, on a quest to prevent the company from taking additional financing from Monroe's Thermo Companies.Mudrick now says it needs a witness for the "limited purpose of testifying to the existence and volume of the documents sought in plaintiff’s demand."See all stocks on the move »Now read:Web.com +5% as Starboard Value discloses 9.4% stake »
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News
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GSAT
Earnings
- 2/28/24 - Miss
GSAT
Sec Filings
- 4/26/24 - Form EFFECT
- 4/12/24 - Form POS
- 4/10/24 - Form ARS
- GSAT's page on the SEC website