Core Viewpoint - EchoStar Corporation is under investigation by the Federal Communications Commission (FCC) for potential violations related to its compliance with federal requirements for building a nationwide 5G network, which has led to significant stock price declines and investor losses [2][3][4]. Group 1: Investigation and Compliance Issues - The FCC notified EchoStar on May 12, 2025, regarding an investigation into the Company's compliance with federal requirements for a nationwide 5G network [2]. - Following the FCC's notification, EchoStar's stock price dropped by $4.01, or 16.6%, closing at $20.18 per share on May 12, 2025, resulting in investor injuries [3]. - On May 30, 2025, EchoStar announced it would not make a cash interest payment of approximately $326 million to allow time for the FCC's response to its compliance investigation, leading to a further stock price decline of $2.44, or 12.1%, closing at $17.73 per share [3][4]. Group 2: Legal Representation and Investor Rights - Glancy Prongay & Murray LLP is representing EchoStar investors in potential claims to recover losses incurred due to the Company's compliance issues and stock price declines [1][2]. - The law firm encourages individuals with non-public information regarding EchoStar to consider aiding the investigation or participating in the SEC Whistleblower Program, which offers rewards for original information leading to successful recoveries [6].
Securities Fraud Investigation Into EchoStar Corporation (SATS) Continues - Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm