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Maxar (MAXR) Alert: Johnson Fistel Investigates Maxar Technologies Ltd. Following Short Sellers Report; Investors Encouraged to Contact Firm

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Maxar (MAXR) Alert: Johnson Fistel Investigates Maxar Technologies Ltd. Following Short Sellers Report; Investors Encouraged to Contact Firm

PR Newswire

SAN DIEGO, Aug. 8, 2018 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Maxar Technologies Ltd. (NYSE:MAXR) ("Maxar").

The investigation concerns whether Nielson and certain of its officers or directors have violated federal securities laws. 

On August 7, 2018, short-seller Spruce Point Capital tweeted and issued a report giving a "strong sell opinion" on Maxar Technologies, accusing the Company of "brazen intangible asset accounting."  The Spruce Point report alleged, in part, that Maxar "has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%."  Specifically, the report asserted that Maxar had used its acquisition of DigitalGlobe "to inflate [its] intangible assets" and had "amended its post-retirement benefit plan to book one-time gains" in a manner that "was not fully disclosed across its investor communications." 

Following the report, Maxar stock fell sharply.

The investigation concerns whether Maxar and certain of its officers and or directors have engaged in securities fraud or other unlawful business practices.  If you are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) by email or by phone at 619-814-4471. If you email, please include your phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP

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