Loral Space and Communications has won a jury verdict in the Supreme Court for the State of New York in its contract action against Rainbow DBS Holdings, a subsidiary of Cablevision Systems Corporation. The unanimous verdict will result in a judgment of approximately $51 million to Loral.
Loral Space and Communications is a satellite communications company. It owns and operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute broadband data, and provide access to Internet services and other value-added communications services.
Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. For more information, visit Loral's web site at
