Telesat(US:TSAT) Globenewswire·2026-02-03 19:05Core Viewpoint - Pomerantz LLP is investigating claims on behalf of Telesat Corporation investors regarding potential securities fraud or unlawful business practices by the company and its officers [1] Group 1: Legal Actions and Financial Status - On January 21, 2026, bondholders filed a lawsuit against Telesat, claiming the company is "indisputably insolvent" and unable to meet its debt obligations [3] - The lawsuit alleges that Telesat has "ignored its debtholders" and attempted to transfer its key asset out of creditors' reach [3] - Following the lawsuit, Telesat's stock price dropped by $7.27, or 21%, closing at $27.39 per share on the same day [3] Group 2: Investigation Details - Pomerantz LLP is actively seeking contact from Telesat investors who may have been affected by the alleged misconduct [1] - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud [4]