PR Newswire | Dec 21, 2020 08:01AM EST

Communications Inc. (LORL)

12/21 07:00 CST

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Loral Space & Communications Inc. (LORL) PHILADELPHIA, Dec. 21, 2020

PHILADELPHIA, Dec. 21, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Loral Space & Communications Inc. ("Loral") (NASDAQ: LORL) on behalf of the company's stockholders.

On November 24, 2020, Loral announced that it had entered into an agreement with Public Sector Pension Investment Board ("PSP Investments") and Telesat Canada ("Telesat") to combine Loral and Telesat into a new Canadian public company ("New Telesat"). Upon closing of the proposed transaction, Loral stockholders will become stockholders of New Telesat.

The investigation is focused on whether Loral's officers and/or directors have violated the securities laws or breached their fiduciary duties to stockholders in connection with the agreement and proposed transaction.

Loral stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/loral/, for additional information about this investigation and their legal rights and option.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 - 1585skaskela@kaskelalaw.comwww.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

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SOURCE Kaskela Law LLC