Recently in the Loral Category


Loral Space & Communications Inc. (NASDAQ: LORL) today announced that the trial court on August 8, 2014 issued decisions on the post-trial motions filed in the breach of contract and patent infringement lawsuit brought by ViaSat, Inc. (ViaSat) against Loral and Loral's former subsidiary, Space Systems/Loral, LLC (SSL).

Loral Space & Communications Inc's (LORL.O) 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.

Loral Space & Communications Inc. (NASDAQ: LORL) today announced that the jury in the trial of the lawsuit with ViaSat, Inc. (ViaSat) 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.

Loral Liquidation Looms

Loral is a holding company with two principal assets: (1) a 62.8% economic stake (only 37% voting control) in Canadian fixed satellite services ("FSS") operator, Telesat; and (2) a 56% share of XTAR. For all intents and purposes, the Telesat stake drives the overwhelming portion of Loral's remaining value, and will be the subject of the study today.