$IRDM / $RKLB: Brodsky & Smith Announces an Investigation of Iridium Communications Inc 😆 Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Iridium Communications for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Rocket Lab for $54 per share in a cash and stock transaction, representing an enterprise value for Iridium of approximately $8.0 billion. The investigation concerns whether the Iridium Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company. Gotta love these "investigations"