GlobeNewswire Inc | Dec 9, 2020 11:30AM EST

December 09, 2020

PHILADELPHIA, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Loral Space & Communications Inc. (Loral) (NASDAQ: LORL) on behalf of the companys stockholders.

Recently, 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 firms investigation seeks to determine whether Lorals officers and/or directors have violated the securities laws or breached their fiduciary duties to stockholders in connection with the 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 options.

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

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