San Diego, CA -- (SBWIRE) -- 12/01/2023 -- Certain directors of Viasat, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Viasat, Inc. (NASDAQ: VSAT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Viasat, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Carlsbad, CA based Viasat, Inc. provides broadband and communications products and services worldwide. Viasat, Inc. reported that its Total Revenue declined from over $2.78 billion for the 12 months period that ended on March 31, 2022 to over $2.55 billion for the 12 months period that ended on March 31, 2023, and that its Net Loss of $15.53 million for the 12 months period that ended on March 31, 2022, turned in to Net Income of over $1.08 billion for the 12 months period that ended on March 31, 2023.

On May 1, 2023, Viasat, Inc. announced "the successful launch of ViaSat-3 Americas aboard a SpaceX Falcon Heavy," which purportedly "open[ed] a new chapter in Viasat's growth."

On July 12, 2023, Viasat, Inc. revealed that an "event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite." Viasat, Inc. t further disclosed that "[c]ontingency plans are currently being refined" and that "[p]otential options include redeploying satellites from Viasat's extensive fleet to optimize global coverage, and/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth."

Shares of Viasat, Inc. (NASDAQ: VSAT) declined from $47.35 per share on June 02, 2023 to $15.02 per share on October 06, 2023.

Those who purchased shares of Viasat, Inc. (NASDAQ: VSAT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.