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SATS INVESTIGATION ALERT: Investigation Launched into EchoStar Corporation, Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
SATSEchoStar(SATS) Prnewswire·2025-06-05 00:28

Company Overview - EchoStar Corporation, along with its subsidiaries, provides networking technologies and services [3] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving EchoStar, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1] - Investors who suffered losses or have information related to the investigation are encouraged to reach out to Robbins Geller [2] Recent Developments - On May 12, 2025, The Wall Street Journal reported that the FCC would investigate EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a stock price drop of over 16% [4] - On May 30, 2025, EchoStar announced it would not make a 326millioncashinterestpaymenttoallowtimeforFCCrelief,resultinginanadditional12326 million cash interest payment to allow time for FCC relief, resulting in an additional 12% decline in stock price [5] - On June 2, 2025, EchoStar disclosed it would not make approximately 183 million in cash interest payments due to uncertainty from the FCC review, causing a further stock price drop of more than 11% [6]