Philadelphia, Pennsylvania--(Newsfile Corp. - June 9, 2025) - Kehoe Law Firm, P.C. is investigating potential violations of federal securities laws and claims on behalf of investors of EchoStar Corporation ("EchoStar") (NASDAQ: SATS).
The investigation focuses on whether EchoStar and its top executives misled investors or failed to disclose key information, following a series of events beginning on May 12, 2025, when The Wall Street Journal reported that the FCC would investigate EchoStar's compliance with 5G network buildout requirements. On that news, EchoStar's stock price dropped over 16%.
Subsequently, on May 30, 2025, EchoStar announced it would not make a $326 million interest payment, citing the need for FCC relief, leading to a 12% stock decline.
On June 2, 2025, EchoStar disclosed another missed interest payment of $183 million for similar reasons, triggering a further 11% drop on June 3, 2025.
On June 6, 2025, The Wall Street Journal reported that EchoStar is considering filing for Chapter 11 bankruptcy.
On June 9, 2025, EchoStar's stock price traded down more than 8% intraday.
EchoStar investors are encouraged to complete Kehoe Law Firm's Stockholder Information Request Form or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, myarnoff@kehoelawfirm.com, info@kehoelawfirm.com, to learn more about the investigation and receive a free, no-obligation evaluation of potential legal claims.
Additional information can be obtained at https://kehoelawfirm.com/echostar-sats/.
ABOUT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
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Source: Kehoe Law Firm, P.C.