AST SpaceMobile Investor Drops Suit Against Board, Executives

An AST SpaceMobile Inc. investor’s suit against the broadband company’s directors and two executives over alleged satellite production misrepresentations has been dismissed at the shareholder’s request.

No settlement is involved, and stockholders don’t have to be notified in advance of closing the case, Judge David Counts of the US District Court for the Western District of Texas said Wednesday in the dismissal order.

• Plaintiff Laurie Hanna decided to voluntarily dismiss the suit following “further investigation,” the parties said the previous day in requesting dismissal
• An attorney for Hanna didn’t immediately respond to an emailed request for additional information about the ...