Robbins LLP Investigates Maxar Technologies Inc. (MAXR) for Hiding Problems With Its Satellite

Purchasers of Maxar Technologies Inc. (NYSE: MAXR) filed a class action against the company for alleged violations of the Securities and Exchange Act of 1934 between March 29, 2018 and January 7, 2019.  Unbeknownst to investors, Maxar's WorldView-4 satellite– which had a net book value of approximately $155 million – was equipped with faulty devices that would ultimately render it unusable.  On January 7, 2019, Maxar revealed that the WorldView-4 experienced a catastrophic failure and would no longer produce usable imagery.  Since news of Maxar's troubles became public, the company's stock plunged over 86% to close at $6.03 per share on January 8, 2019, and continues to fall.

Maxar Technologies Inc. (MAXR) Shareholders Have Legal Options

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