Key Developments: Loral Space & Communications Inc (LORL.OQ)

LORL.OQ on NASDAQ Stock Exchange Global Select Market

73.63USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Loral Space & Communications Inc announces court overturns damage award in ViaSat lawsuit against SSL, orders new trial on damages
Monday, 11 Aug 2014 08:00am EDT 

Loral Space & Communications Inc:Says trial court on Aug. 8 issued decisions on post-trial motions filed in breach of contract and patent infringement lawsuit brought by ViaSat, Inc. (ViaSat) against Loral and Loral's former subsidiary, Space Systems/Loral, LLC.Says finding that the jury's damages award resulted in a miscarriage of justice, vacated in full the $283 mln jury verdict against SSL.Says court ordered that new jury trial be held on the amount of damages and has tentatively scheduled the trial to proceed in Nov. 2014.Says court deferred, until Aug. 26, argument on ViaSat's motion seeking an injunction to prevent the manufacture and sale by SSL of additional satellites that infringe ViaSat's patents.  Full Article

Loral Space and Communications Inc plan to appeal jury decision in viasat lawsuit
Thursday, 24 Apr 2014 08:55pm EDT 

Loral Space and Communications Inc:Says that jury in the trial of the lawsuit with ViaSat, Inc. returned a verdict against Loral's former subsidiary, Space Systems/Loral, LLC (SSL).The jury found that SSL infringed the patents asserted by ViaSat in the case and also that SSL breached certain non-disclosure agreements with ViaSat.Damages of $283 million were awarded against SSL.The jury also found that Loral was not liable for either patent infringement or breach of contract.  Full Article

Loral Space and Communications Inc Announces CFO Change-Form 8-K
Monday, 18 Mar 2013 12:54pm EDT 

Loral Space and Communications Inc reported in its Form 8-K that on March 15, 2013, the Board of Directors of the Company (Board) approved the termination of the employment of Harvey B. Rein as Senior Vice President and Chief Financial Officer (CFO) effective as of March 15, 2013. On March 15, 2013, the Board appointed John Capogrossi as Chief Financial Officer (CFO) and Treasurer of the Company effective as of March 15, 2013, replacing Mr. Rein and Mr. Stack in those positions, respectively.  Full Article

Loral Space and Communications Inc Announces Management Change-Form 8-K
Monday, 17 Dec 2012 02:26pm EST 

Loral Space and Communications Inc reported in its Form 8-K that in connection with the corporate office restructuring, on December 13, 2012, the Board of Directors of the Company (Board) approved the termination of the employment of Michael B. Targoff as Chief Executive Officer (CEO) and President effective as of December 14, 2012. In connection with the corporate office restructuring, on December 13, 2012, the Board appointed Avi Katz as President of the Company effective as of December 14, 2012, replacing Mr. Targoff in that position. Mr. Katz, 53, will continue to serve as General Counsel and Secretary.  Full Article

Loral Space and Communications Inc Announces Management Changes
Friday, 14 Dec 2012 05:00pm EST 

Loral Space and Communications Inc announced that board of directors has named Avi Katz, 53, to the role of president of the Company. Mr. Katz, who replaces Michael Targoff, was formerly the company's senior vice president, general counsel and corporate secretary. The appointment comes as a result of the previously announced restructuring following last month's sale of the Company's manufacturing division. Mr. Katz will also continue in his role as general counsel and secretary.  Full Article

Loral Space and Communications Inc Declares Distribution Of $29.00 Per Share
Wednesday, 7 Nov 2012 04:53pm EST 

Loral Space and Communications Inc announced that the Board of Directors has declared a special distribution of $29.00 per share for an aggregate distribution of up to $899.3 million. The distribution is payable on December 4, 2012 to holders of record of Loral voting and non-voting common stock as of November 19, 2012.  Full Article

Loral rejects $7 billion deal to sell itself and Telesat: sources

NEW YORK - Loral Space & Communications Inc's efforts to sell itself and its main asset, Telesat Holdings Inc, broke down after the company failed to agree on a potential $7 billion deal with the buyer group, people familiar with the matter said.

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