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Deadline on June 8th upcoming in Lawsuit for Investors in Intelsat S.A. (NYSE: I)

05-18-2020 06:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on June 08, 2020 in the lawsuit for certain investors in Intelsat S.A. (NYSE: I).

A Deadline is coming up on June 08, 2020 in the lawsuit for certain investors in Intelsat S.A. (NYSE: I).

The Shareholders Foundation announced that a deadline is coming up on June 08, 2020 in the lawsuit filed for certain investors of Intelsat S.A. (NYSE: I) over alleged securities laws violations by Intelsat S.A. (NYSE: I).

Investors who purchased shares of Intelsat S.A. (NYSE: I) have certain options and there are strict and short deadlines running. Deadline: June 08, 2020. NYSE: I stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Intelsat S.A. (NYSE: I) common shares between November 5, 2019 through November 18, 2019, that the defendants violated Federal Securities Laws. More specifically, 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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