Creditors sue Telesat claiming satellite operator illegally moved assets beyond their reach
A company representing bondholders of struggling Ottawa-based satellite operator Telesat filed a pair of lawsuits in Ontario and New York earlier this week alleging that the firm breached a credit agreement by executing some “fraudulent” asset transfers last year. A court document reviewed by BetaKit claims that Telesat Canada illegally moved part of its “crown-jewel”…
