When it comes to taxes, everyone has to file, but sometimes filing is late due to interesting circumstances. So it is with Loral Space & Communications [Nasdaq:LORL], a satellite communications company. The company received notice from NASDAQ that, following the filing with the Securities and Exchange Commission on April 29th of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007, the Company has regained compliance with NASDAQ’s filing requirement. As a result, the hearing before a NASDAQ Listing Qualifications Panel has been cancelled. The company was not able to timely file its 2007 Form 10-K due to income tax accounting complexities arising from the Telesat transaction. Loral also owns 64 percent of Telesat Canada, one of the world’s largest providers of satellite services. Telesat Canada operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services—New York, New York
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