Viasat, Inc. (VSAT)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Viasat, Inc. (“Viasat” or “the Company”) (NASDAQ: VSAT). Investors who purchased Viasat securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Viasat has violated federal securities laws.
Investigation Details:
On July 12, 2023, Viasat disclosed that its recently launched Viasat-3 Americas satellite had suffered a malfunction while deploying a reflector. On this news, Viasat’s stock price fell $12.24 per share, or 28.48%, to close at $30.74 per share July 13, 2023. Then, on August 24, 2023, Viasat issued a press release “confirm[ing] that its Inmarsat-6 F2 (I6 F2) satellite, which was launched on February 18, 2023, has suffered a power subsystem anomaly during its orbit raising phase. At this stage, Viasat and Airbus, the satellite’s manufacturer, are working to determine the root cause of the anomaly and assess whether the satellite will be able to perform its mission.” On this news, Viasat’s stock price fell $1.34 per share, or 4.99%, to close at $25.54 per share on August 25, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Viasat securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]