VSAT - Bragar Eagel & Squire P.C. Is Investigating Viasat Veradigm and Orthofix and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Viasat, Inc. (NASDAQ:VSAT), Veradigm, Inc. (NASDAQ:MDRX), and Orthofix Medical Inc. (NASDAQ:OFIX). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Viasat, Inc. (NASDAQ:VSAT)
Viasat provides broadband and communications products and services worldwide. Viasat's Satellite Services segment offers satellite-based fixed broadband services.
On May 1, 2023, Viasat announced "the successful launch of ViaSat-3 Americas aboard a SpaceX Falcon Heavy," which purportedly "open[ed] a new chapter in Viasat's growth."
Then, on July 12, 2023, Viasat revealed that an "event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite." Viasat further disclosed that "[c]ontingency plans are currently being refined" and that "[p]otential options include redeploying satellites from Viasat's extensive fleet to optimize global coverage, and/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth."
Following this news, the price of Viasat ...