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Ademi LLP is investigating ORBCOMM (NASDAQ: ORBC) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners.

Ademi LLP alleges ORBCOMM’s financial outlook is excellent and yet ORBCOMM shareholders will receive only $11.50 in cash per outstanding share of common stock. The merger agreement unreasonably limits competing bids for ORBCOMM by prohibiting solicitation of further bids, and imposing a termination penalty if ORBCOMM accepts a superior bid. ORBCOMM insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of ORBCOMM’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for ORBCOMM.