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SATS Investors Have Opportunity to Join EchoStar Corporation Fraud Investigation with the Schall Law Firm
EchoStarEchoStar(US:SATS) Prnewswireยท2025-06-11 14:13

Core Viewpoint - The Schall Law Firm is investigating EchoStar Corporation for potential violations of securities laws related to misleading statements and failure to disclose critical information to investors [1][2]. Group 1: Investigation Details - The investigation is centered on whether EchoStar issued false or misleading statements and failed to disclose relevant information to investors [2]. - A Wall Street Journal article from May 12, 2025, reported that the FCC is investigating EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a 16.6% drop in the company's shares [2]. - On May 30, 2025, EchoStar disclosed that it chose not to make a cash interest payment of approximately $326 million to allow time for the FCC to respond to its compliance investigation, resulting in a further 13.1% decline in intraday trading [2].