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Globalstar, Inc. (NYSEMKT:GSAT) Investor Investigation Over Possible Breaches Of Fiduciary Duties

  • If you purchased shares of Globalstar, Inc. (NYSEMKT:GSAT), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Globalstar
Security
NASDAQ: GSAT

Summary

March 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Globalstar, Inc. (NYSEMKT:GSAT) was announced over potential breaches of fiduciary duties by certain directors at Globalstar, Inc.

The investigation by a law firm concerns whether certain Globalstar directors breached their fiduciary duties and caused damage to the company and its shareholders.

Globalstar, Inc. reported that its annual Total Revenue rose from $82.71 million in 2013 to $90.49 million in 2015 and that its Net Loss of $591.12 million in 2013 turned into a Net Income of $72.32 million in 2015. Shares of Globalstar, Inc. (NYSEMKT:GSAT) declined from $3.55 per share in March 2015 to as low as $0.97 per share in Janaury 2016.

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