Legal
Ganley ordered to give control of Rivada Space Networks to his $3.1m creditor
A New York judge has ordered Declan Ganley to hand over control of the firm behind his planned space satellite constellation to backer David Shuman
Declan Ganley has been ordered by a New York judge to hand over control of Rivada Space Networks, the operating company behind his planned space satellite constellation, to a backer to whom he owes $3.1 million.
A judge in New York last week ruled partially in favour of Astraea NYC LLC, a company controlled by a shareholder and backer of Rivada Networks, David Shuman.
Shuman’s company, Astraea, had made an application for a turnover order, ...