SiliconBeat

MessageGlobalstar, the Milpitas company that bills itself as the world’s largest provider of mobile satellite voice and data services, won a legal victory Tuesday in a consolidated class action lawsuit over allegations that it misled investors in its November 2006 initial public offering with a registration filing that “contained material misstatements and omissions”.

The action, filed in the U.S. District Court for the Southern District of New York, was “dismissed Read the rest of this entry »