EchoStar Corporation (NASDAQ: SATS)

This investigation is for anyone who acquired securities in EchoStar Corporation (NASDAQ: SATS) from January 10, 2025 through May 29, 2025

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by touting its cooperation with the FCC in building a 5G network when the Company was actually not complying with federal law in building the network.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on May 30, 2025, before the market opened, EchoStar disclosed that in light of the “uncertainty” created by the FCC’s letter which “introduce the possibility of reversing prior FCC grants of authority” the Company had “elected not to make an approximately $326 million cash interest payment due on May 30, 2025” with respect to its “10.75% senior spectrum secured notes due 2029” in order “to allow time for the FCC to provide the relief requested” in its Response to the Company’s letter. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in EchoStar Corporation (NASDAQ: SATS) from January 10, 2025 through May 29, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.