NewsHK
Milwaukee-based law firm Ademi LLP has launched an investigation into Iridium Communications Inc.
(NASDAQ: IRDM) over its recently announced transaction with Rocket Lab, raising questions about whether public shareholders are receiving adequate value.
The firm is examining potential breaches of fiduciary duty and other possible violations of law connected to the deal.
The Investigation and What It Targets Ademi LLP's probe centers on whether Iridium's board fulfilled its legal obligations to common shareholders when agreeing to the Rocket Lab transaction.
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