September 10, 2018
A New Jersey federal judge on Friday awarded $2.5 million in attorneys' fees as part of a $9.45 million settlement between Straight Path Communications and shareholders who accused the telecommunications asset holder of improperly acquiring and overstating the value of spectrum licenses.
October 12, 2017
Straight Path Communications has agreed to pay $9.45 million to settle a lawsuit with shareholders who accused the telecommunications asset holder of improperly acquiring and overstating the value of spectrum licenses, which caused the company's stock price to drop when brought to light.
November 16, 2015
A holder of telecommunications and intellectual property assets improperly acquired and overstated the value of its spectrum licenses, causing the company's stock to drop dramatically when the truth began to emerge, according to a putative class action filed Friday.