April 27, 2023
A California federal judge tossed with prejudice a suit accusing major stakeholders of satellite company Intelsat of insider trading, ruling that amendments made to the latest version of the complaint do not add any of the material evidence needed to move forward.
September 27, 2022
A California federal judge on Tuesday cleared major Intelsat stakeholders of insider trading allegations from an investor accusing them of withholding knowledge about a Federal Communications Commission plan to sell C-Band spectrum, a plan that had sent Intelsat stock tumbling in late 2019.
April 16, 2020
An investor has slapped major Intelsat stakeholders with a proposed class action in California federal court, accusing the satellite giant of withholding knowledge about a Federal Communications Commission plan to publicly auction C-Band spectrum, leaving other shareholders holding the bag when the announcement of the government's plan caused the company's stock to crater.