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INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of EchoStar Corporation (NASDAQ: SATS) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
SATSEchoStar(SATS) GlobeNewswire News Room·2025-05-30 21:48

Company Overview - EchoStar Corporation is a telecommunications company that specializes in satellite communications, video distribution, and wireless services, operating through brands such as Dish Network, Sling TV, and Boost Mobile [3]. Allegations and Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving EchoStar, stemming from allegations of providing misleading business information to investors [1]. - On May 12, 2025, The Wall Street Journal reported that the Federal Communications Commission (FCC) would investigate EchoStar's compliance with federal licensing requirements related to satellite spectrum usage and 5G networking [4]. - Following the FCC investigation report, EchoStar's stock price fell by 4.01pershare,representingadeclineof16.584.01 per share, representing a decline of 16.58%, closing at 20.18 per share on the same day [4].