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Lawsuit filed for Investors in shares of Intelsat S.A. (NYSE: I)

04-18-2020 02:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Intelsat S.A. (NYSE: I) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Intelsat S.A. (NYSE: I) shares over alleged securities laws violations.

An investor, who purchased shares of Intelsat S.A. (NYSE: I), filed a lawsuit over alleged violations of Federal Securities Laws by Intelsat S.A.

Investors who purchased shares of Intelsat S.A. (NYSE: I) have certain options and for certain investors are short and strict deadlines running. Deadline: June 8, 2020. NYSE: I investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Luxembourg based Intelsat S.A., together with its subsidiaries, provides satellite communications services worldwide. On November 18, 2019, the Federal Communications Commission ("FCC") announced that it would publicly auction the C-Band that Intelsat had been hoping to sell privately.
Shares of Intelsat S.A. (NYSE: I) declined from $27.29 per share on October 18, 2019, to as low as $5.93 per share on December 2, 2019.

The plaintiff claims that between November 5, 2019 through November 18, 2019, the Defendants violated provisions of the Exchange Act by selling a block of Intelsat shares while in possession of material non-public information, including that Intelsat had met with the Federal Communications Commission ("FCC") on November 5, 2019, 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.

Those who purchased shares of Intelsat S.A. (NYSE: I) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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