Home Page : Archive News : January 2017 News : UPDATE 2-Straight Path settles U.S. license investigation, shares jump

UPDATE 2-Straight Path settles U.S. license investigation, shares jump

January 13, 2017

SAN FRANCISCO, Jan 12- Straight Path Communications Inc said on Thursday it would pay $15 million to settle a federal probe of claims that the wireless spectrum owner had submitted false data to renew airwave licenses, sparking a 30 percent rally in its stock. Short sellers such as New York- based Kerrisdale, a $400 million hedge fund, announced in late 2015 they...

Source: http://www.cnbc.com/2017/01/12/reuters-america-update-2-straight-path-settles-us-license-investigation-shares-jump.html
 
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