Samstag, 7. November 2009

In Re Globalstar, Inc. Securities Litigation

Trading Symbol: GSAT
CUSIP Number: 378973408

TERMS OF THE SETTLEMENT: The Settlement consists of $1,500,000 in cash and will include interest on the Settlement Fund prior to distribution.

CLASS DESCRIPTION: On behalf of all purchasers of Globalstar, Inc. common stock pursuant to a $127.5 million initial public offering of 7.5 million shares of Globalstar common stock at $17.00 per share on or about November 3, 2006 (the "IPO").

IMPORTANT DATES:

DATE TO SEEK EXCLUSION
FROM THE CLASS: JANUARY 28, 2010

DATE FOR SUBMISSION OF
PROOF OF CLAIM FORMS: MARCH 26, 2010

TO OBTAIN A PROOF OF CLAIM FORM:

Robert M. Roseman, Esquire
SPECTOR, ROSEMAN KODROFF & WILLIS, P.C.
Tel: 215-496-0300
Fax: 215-496-6611
Email: rroseman@srkw-law.com

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