litigation
confidence high
sentiment neutral
materiality 0.20
Viasat resolves shareholder lawsuit over Connect Topco deal disclosures for $150K
VIASAT INC
- Plaintiff Carl Best alleged proxy omissions in Viasat's acquisition of Connect Topco Limited.
- Viasat filed supplemental disclosures in June 2022, mooting the claims.
- Court dismissed action; Viasat paid $150,000 in attorneys' fees and expenses.
- Court closed the action on March 30, 2023, subject to this 8-K filing.