{"id":47679,"date":"2026-01-22T23:50:23","date_gmt":"2026-01-22T15:50:23","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/telesat-calls-creditor-lawsuits-without-merit\/"},"modified":"2026-01-22T23:50:23","modified_gmt":"2026-01-22T15:50:23","slug":"telesat-calls-creditor-lawsuits-without-merit","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/telesat-calls-creditor-lawsuits-without-merit\/","title":{"rendered":"Telesat Calls Creditor Lawsuits \u2018Without Merit\u2019"},"content":{"rendered":"<\/p>\n<p><strong>Telesat<\/strong> confirmed reports that certain creditors have filed lawsuits against the company, calling the lawsuits \u201cwithout merit\u201d in a statement on Jan. 21.&nbsp;<\/p>\n<p>The Canadian operator confirmed that creditors holding portions of the company\u2019s Geostationary Orbit (GEO) debut filed lawsuits in New York and Ontario about an equity distribution that took place in September 2025.&nbsp;<\/p>\n<p>According to The Globe and Mail, the lawsuit was filed by creditors holding 90% of $1.7 billion (U.S. dollars) of debt and alleges that Telesat moved its Low-Earth Orbit (LEO) assets to shield the assets from creditors.&nbsp;<\/p>\n<p>In September 2025, Telesat distributed 62% of the equity of its Telesat Lightspeed Low-Earth Orbit (LEO) business to an indirect subsidiary of Telesat Corporation, which the company disclosed at the time.&nbsp;<\/p>\n<p>\u201cThe lawsuits, filed at the direction of a group of distressed debt hedge funds, are without merit. The equity distribution at issue followed a robust governance process and was accomplished in strict accordance with relevant debt agreements and applicable law. Telesat intends to defend itself vigorously,\u201d Telesat said in a statement. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telesat confirmed reports that certain creditors have filed lawsuits against the company, calling the lawsuits \u201cwithout merit\u201d in a statement on Jan. 21.&nbsp; The Canadian operator confirmed that creditors holding portions of the company\u2019s Geostationary Orbit (GEO) debut filed lawsuits in New York and Ontario about an equity distribution that took place in September 2025.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47680,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-47679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/47679"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=47679"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/47679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/47680"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=47679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=47679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=47679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}