SkyTerra Communications, Inc. Board of Directors Under Investigation

Investigation on account of accepted investors of SkyTerra Communications, Inc. (Public, OTC:SKYT), who purchased the shares afore September 23, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover were announced.

Those who currently are investors in shares of SkyTerra Communications, Inc. (Public, OTC:SKYT), and purchased the shares afore September 23, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of SkyTerra Communications, Inc. (Public, OTC:SKYT) arising out of their attack to advertise SkyTerra Communications, to Harbinger Capital Partners Master Fund I, Ltd and Harbinger Capital Partners Special Situations Fund, L.P. SkyTerra (OTCBB: SKYT) appear on September 23, 2099 that it has entered into a absolute alliance acceding for SkyTerra Communication to be acquired by a new association formed and alongside wholly-owned by Harbinger Capital Partners Master Fund I, Ltd and Harbinger Capital Partners Special Situations Fund, L.P. SkyTerra appear that beneath the agreement of the agreement, SkyTerra shareholders will accept $5.00 in banknote per allotment for anniversary of SkyTerra's outstanding shares of accepted banal not captivated by Harbinger or its affiliates. SkyTerra said that Harbinger and its affiliates calm authority about 48% of SkyTerra's outstanding voting accepted banal and about 49% of SkyTerra's voting and non-voting accepted banal accumulated and that the acquirement amount represents a exceptional of about 56% over the boilerplate closing amount of SkyTerra’s accepted banal for the thirty canicule concluded September 22, 2009, the endure day afore the advertisement of the proposed transaction. .

But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of SkyTerra Communications, Inc. (Public, OTC:SKYT) because the “offer to access SkyTerra Communications, Inc. (OTC:SKYT) at $30 per allotment appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. Shares of SkyTerra Communications traded at $8.60 per allotment in April 2008, at about $11 per allotment in 2007, and over $45 per allotment in 2006. Another analysis “concerns whether the amount that the SkyTerra Board agreed to is fair accustomed that Harbinger and its affiliates calm authority about 48% of SkyTerra's outstanding voting accepted banal and about 49% of SkyTerra's voting and non-voting accepted banal accumulated and at atomic one analyst has set an $8.00 amount ambition for SkyTerra stock.”

SkyTerra Communications, Inc., amid in Reston, VA, operates its business through its subsidiary, SkyTerra LP, which focuses to develop, build, and accomplish a next bearing adaptable digital system. SkyTerra Communications has 5 subsidiaries: SkyTerra GP Inc., SkyTerra LP, SkyTerra (Canada) Inc., SkyTerra Holdings (Canada) Inc., and SkyTerra Finance Co. SkyTerra LP offers adaptable digital casework application two about identical geostationary satellites that abutment the accumulation of data, voice, fax, and celerity radio services. SkyTerra Communications appear in 2007 Total Revenue of $34.08million and in 2008 $34.48million. Shares of SkyTerra traded at $4.90 per allotment afterwards the advertisement and at $3.40 per allotment the day afore the announcement.