NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Globalstar, Inc. (“Globalstar” or the “Company”) (NYSE American: GSAT) stock prior to April 25, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of Globalstar’s business agreement with Thermo Acquisitions, Inc. Pursuant to the terms, the following assets will be combined with Globalstar: FiberLight, LLC, 15.5 million shares of common stock of CenturyLink, Inc., $100 million of cash and minority investments in complementary businesses and assets of $25 million. To learn more about the action and your rights, go to:
http://www.zlkdocs.com/GSAT-Info-Request-Form-ma-6690
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Globalstar breached their fiduciary duties to stockholders and/or violated securities laws by failing to adequately value the business combination and/or failing to disclose all material information in connection with the business combination.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
