Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Maxar Technologies Ltd. (MAXR)

Law Offices of Howard G. Smith reminds investors of the March
15, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Maxar Technologies
Ltd. (“Maxar” or the “Company”) (NYSE: MAXR)
securities between March 29, 2018 and January 7, 2019,
inclusive (the “Class Period”). Maxar investors have until March
15, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Maxar investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to [email protected].

On August 7, 2018, Spruce Point Capital published a report claiming that
Maxar “has pulled one of the most aggressive accounting schemes Spruce
Point has ever seen to inflate Non-IFRS earnings by 79%,” and that the
Company’s “$3.7 billion of rising debt with almost no cash and free cash
flow” necessitates that Maxar “eliminate its dividend immediately, or
risk wiping out equity holders.” On this news, Maxar’s share price fell
more than 13% on August 7, 2018, thereby injuring investors.

Then, on January 7, 2019, Maxar disclosed that WorldView-4 had
experienced a failure in its CMGs, preventing the satellite from
collecting imagery due to the loss of an axis of stability. On this
news, the Company's stock price fell $5.69 per share, or 48.5%, over the
following two trading sessions, to close at $6.03 on January 8, 2019.

The complaint filed in this class action alleges that the defendants
failed to disclose that: (i) Maxar improperly inflated the value of its
intangible assets, among other accounting improprieties; (ii) Maxar’s
highly-valued WorldView-4 was equipped with CMGs that were faulty and/or
ill-suited for their designed and intended purpose; and (iii) as a
result, Maxar’s public statements were materially false and misleading
at all relevant times.

If you purchased shares of Maxar during the Class Period you may move
the Court no later than March 15, 2019 to ask the Court
to appoint you as lead plaintiff if you meet certain legal requirements.
To be a member of the Class you need not take any action at this time;
you may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this action,
or if you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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