Investor Alert: Kaplan Fox Announces Investigation Of Intelsat S.A.
INTELSAT SA (I)
Last intelsat sa earnings: 2/20 06:29 am
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US:NYSE Investor Relations:
investors.intelsat.com
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Source: PR Newswire
NEW YORK, April 15, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Intelsat ("Intelsat" or the "Company") (NYSE: I). A complaint has been filed on behalf of investors who purchased or otherwise acquired Intelsat shares contemporaneously with Defendants' unlawful trades from November 5, 2019 through November 18, 2019 (the "Class Period").On November 5, 2019, Intelsat's CEO, Stephen Spengler, reportedly met with the Federal Communications Commission (FCC) to discuss the private sale of certain wavebands controlled by Intelsat for future "5G" use (the "C-Band") and that the FCC opposed Intelsat's then-existing proposal, instead favoring a public auction rather than private sale of the C-Band.According to the action, on November 6, 2019 the Defendants, including BC Partners and Silver Lake that have long had significant control over the Company, sold a block of 10 million Intelsat shares at $24.60 per share, or $246
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