The long-running Class Action against alleged Intelsat inside traders has seen a rebuttal submitted by the Defendants. They argue that the Plaintiffs have faile
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A class action lawsuit has accused David McGlade, former
Intelsat CEO and chairman of its board of directors, along with shareholders
BC Partners and
FCC’s decision in November 2019 to hold a public C-band auction.
The class action lawsuit, filed Jan 14, alleges that McGlade and BC Partners and Silver Lake sold $246 million in stock the same day they learned the FCC turned against a private auction for C-band spectrum. The lawsuit includes testimony from two confidential witnesses a former Intelsat employee who was a vice president at the time, and a senior executive at the
C-Band Alliance who worked closely with Intelsat and
The chairman of satellite operator Intelsat is being sued for insider trading in an explosive new shareholder lawsuit that also dings private-equity giants BC Partners and Silver Lake Partners, a New York Knicks shareholder.