Telesat Faces Investor Lawsuit Over Insolvency Claims

Reuters06:05

Telesat Faces Investor Lawsuit Over Insolvency Claims

Telesat Corporation is facing litigation after bondholders filed a lawsuit alleging the company is insolvent and unable to pay its debts. The lawsuit claims Telesat tried to transfer key assets away from creditors. Following this news, Telesat’s share price dropped 21 percent to close at $27.39 on January 21, 2026. An investigation is underway to determine if Telesat or its executives engaged in securities fraud or other unlawful business practices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602171705PRIMZONEFULLFEED9656326) on February 17, 2026, and is solely responsible for the information contained therein.

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