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Merger Between Globalstar, Inc. and Thermo Acquisitions, Inc. Investigated by Block & Leviton LLP For Potential Breaches of Fiduciary Duty
PR Newswire
BOSTON, May 24, 2018
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BOSTON, May 24, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a shareholder litigation firm representing investors nationwide, is investigating whether the board of directors of Globalstar, Inc. ("GSAT" or the "Company") (NYSE:GSAT) breached its fiduciary duties by agreeing to a merger with Thermo Acquisitions, Inc. ("Thermo") at an inadequate price.
On April 25, 2018, Globalstar announced it has signed a merger agreement with Thermo, which is controlled by Jay Monroe, who is the CEO, Chairman and controlling shareholder of Globalstar.
If you purchased or otherwise acquired Globalstar securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact Attorney John DeFelice at (888) 868-2385, by email at john@blockesq.com or by visiting http://shareholder.law/globalstar.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nations' largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
John DeFelice
(617) 398-5600 phone
155 Federal Street, Suite 400
Boston, MA 02110
john@blockesq.com
SOURCE Block & Leviton LLP
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.