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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. ....