RADNOR, Pa., Feb. 21 LAWFUEL – Shareholder & Class Actio…

RADNOR, Pa., Feb. 21 LAWFUEL – Shareholder & Class Action Lawsuits — The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:

Notice is hereby given that a class action lawsuit was filed in the
United States District Court for the Southern District of New York on
behalf of all common stock purchasers of Globalstar, Inc. (Nasdaq: GSAT)
(“Globalstar” or the “Company”) from November 2, 2006 through February 5,
2007, inclusive (the “Class Period”).

If you wish to discuss this action or have any questions concerning
this notice or your rights or interests with respect to these matters,
please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check,
Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or
1-610-667-7706 , or via e-mail at [email protected]

The Complaint charges Globalstar and certain of its officers and
directors with violations of the Securities Exchange Act of 1934. More
specifically, the Complaint alleges that the Company failed to disclose and
misrepresented the following material adverse facts which were known to
defendants or recklessly disregarded by them: (1) that the performance of
the Company’s power amplification communication system antennas on its
global satellite system was degrading at an accelerated rate; and (2) as
such, the commercial usefulness of the satellites was declining at an
accelerated rate.

On February 5, 2007, Globalstar disclosed that its power amplification
communication system antennas were degrading at a greater rate than that
disclosed in connection with the IPO Prospectus. On this news, shares of
the Company’s stock declined $4.08 per share, or 28 percent, to close on
February 6, 2007 at $10.40 per share, on unusually heavy trading volume.

Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin Barroway Topaz & Kessler which
prosecutes class actions in both state and federal courts throughout the
country. Schiffrin Barroway Topaz & Kessler is a driving force behind
corporate governance reform, and has recovered billions of dollars on
behalf of institutional and individual investors from the United States and around the world.

For more information about Schiffrin Barroway Topaz & Kessler or to
sign up to participate in this action online, please visit
http://www.sbtklaw.com

If you are a member of the class described above, you may, not later
than April 10, 2007, move the Court to serve as lead plaintiff of the
class, if you so choose. A lead plaintiff is a representative party that
acts on behalf of other class members in directing the litigation. In order
to be appointed lead plaintiff, the Court must determine that the class
member’s claim is typical of the claims of other class members, and that
the class member will adequately represent the class. Under certain
circumstances, one or more class members may together serve as “lead
plaintiff.”

Your ability to share in any recovery is not, however, affected
by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin Barroway Topaz & Kessler or other counsel of your choice, to serve as your counsel in this action.

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