The Intelsat Class Action into alleged insider trading, which had earlier been dismissed by a District Court judge on April 26th, has seen an appeal lodged. The case revolves around alleged insider trading over the sale of Intelsat shares by certain shareholders including the then chairman Dave McGlade. The sale allegedly took place ahead of […]

Intelsat’s long-running Class Action lawsuit against key shareholders alleging insider trading will be decided by a judge on the basis of documents and motions already filed to the court. The judge in the case has cancelled a planned full court hearing (which called for a jury trial) and dismissed some of the motions in the […]

Judge Jeffrey White has set some key dates in the Intelsat ‘inside trading’ class action allegations. The judge has set the case to be “answered, or a Motion to Dismiss” on January 19th 2023. Any Opposition filing must be made by March 2nd with a subsequent response from the Petitioners set with a deadline of […]

Two major shareholders in the pre-bankruptcy Intelsat, plus the former chairman, are named again by Plaintiffs in a Class Action which alleges they took part in selling off investments in Intelsat helped by inside knowledge. The complaint was originally mounted earlier in 2022, but the judge in the case dismissed the Federal Class Action, nevertheless […]