An investigation on behalf of investors of Maxar Technologies Ltd. (NYSE: MAXR) shares over potential securities laws violations by Maxar Technologies and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Maxar Technologies Ltd. (NYSE: MAXR) concerning whether a series of statements by Maxar Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Westminster, CO based Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. Maxar Technologies Ltd. reported that its annual Total Revenue rose from over $1.55 billion in 2016 to over $1.63 billion in 2017 and that its Net Income declined from $105.6 million in 2016 to $100.4 million in 2017.

On August 7, 2018, Spruce Point Capital Management published a research report on Maxar Technologies Ltd.. The report alleged, in part, that Maxar Technologies Ltd. 'has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%.' Specifically, the report asserted that Maxar Technologies Ltd. had used its acquisition of DigitalGlobe 'to inflate [its] intangible assets' and had 'amended its post-retirement benefit plan to book one-time gains' in a manner that 'was not fully disclosed across its investor communications.'

Shares of Maxar Technologies Ltd. (NYSE: MAXR) declined from $67.30 per share in late 2017 to as low as $35.82 per share on August 8, 2018.