Provided By Business Wire
Last update: May 31, 2025
Law Offices of Howard G. Smith continues its investigation on behalf of EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ECHOSTAR CORPORATION (SATS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On May 12, 2025, The Wall Street Journal reported that the Federal Communications Commission had notified EchoStar that it would be investigating the Company’s compliance with federal requirements to build a nationwide 5G network.
On this news, EchoStar’s stock price fell $4.01, or 16.6%, to close at $20.18 per share on May 12, 2025, thereby injuring investors.
Then, on May 30, 2025, EchoStar disclosed that it had “elected not to make an approximately $326 million cash interest payment” in order to “allow time for the FCC to provide the relief requested in [the Company’s] Response” to the FCC’s compliance investigation.
On this news, EchoStar’s stock price fell as much as 13.1% during intraday trading on May 30, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased EchoStar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250530844346/en/
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