Notice of Lead Plaintiff Deadline for Shareholders in the Intelsat S.A. Securities Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces that a securities class action lawsuit has been filed in the Northern District of California on behalf of purchasers of Intelsat S.A. (NYSE:I) shares contemporaneously with defendants’ unlawful sales between November 5, 2019 and November 18, 2019 (the “Class Period”). The case is captioned Hill v. Silver Lake Group, L.L.C., No. 20-cv-02341, and is assigned to Judge Jeffrey S. White. The Intelsat securities class action lawsuit charges two of Intelsat’s controlling shareholders, Silver Lake Group L.L.C. and BC Partners LLP, and two of Intelsat’s directors (who are also partners of BC Partners) with violations of the Securities Exchange Act of 1934 (“1934 Act”).

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Intelsat securities during the Class Period to seek appointment as lead plaintiff in the Intelsat securities class action lawsuit. A lead plaintiff acts on behalf of all other class members in directing the Intelsat securities class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Intelsat securities class action lawsuit. An investor’s ability to share in any potential future recovery of the Intelsat securities class action lawsuit is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff of the Intelsat securities class action lawsuit or have questions concerning your rights regarding the Intelsat securities class action lawsuit, please visit our website by clicking here or contact Mary Blasy at 800/449-4900 or 619/231-1058, or via e-mail at [e-mail]. Lead plaintiff motions for the Intelsat securities class action lawsuit must be filed with the court no later than June 8, 2020.

Intelsat, organized as a public limited liability company under the laws of Luxembourg, is a satellite operator that provides TV and radio communications. According to the Company, it “hold[s] the largest collection of rights to well-placed orbital slots in the most valuable C- and Ku-band spectrums.” The Company’s “fleet of 54 geosynchronous satellites” (as of December 31, 2019) covers “more than 99% of the world’s populated regions.”

The Intelsat securities class action lawsuit alleges that defendants violated the 1934 Act by selling a block of Intelsat shares while in possession of material non-public information. Specifically, defendants allegedly knew that Intelsat had met with the Federal Communications Commission (“FCC”) on November 5, 2019 to discuss the private sale of certain wavebands controlled by Intelsat for future “5G” use (the “C-Band”) and that the FCC had opposed Intelsat’s then-existing proposal, favoring a public auction rather than a private sale of the C-Band. On November 18, 2019, after the FCC announced it would publicly auction the C-Band that Intelsat had been hoping to sell privately, Intelsat’s stock price fell over 40%, from a close of $13.41 per share on November 15, 2019 to a close of $8.03 per share on November 18, 2019.