NEW YORK, May  13, 2025  (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether EchoStar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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On May 12, 2025, the Wall Street Journal published an article entitled “FCC Threatens Charlie Ergen’s Hold on Satellite, 5G Spectrum Licenses”.  The Wall Street Journal reported, in relevant part, that “[t]he Federal Communications Commission told [Charlie] Ergen, the chairman and co-founder of network operator EchoStar, that the agency’s staff would investigate the company’s compliance with federal requirements to build a nationwide 5G network” for its Boost Mobile subsidiary, noting that “[t]he company has spent years wiring thousands of cellphone towers to help Boost become a wireless operator that could rival AT&T, Verizon and T-Mobile, but the project has been slow-going.”

On this news, EchoStar’s stock price fell $4.01 per share, or 16.58%, to close at $20.18 per share on May 12, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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CONTACT: Danielle Peyton
Pomerantz LLP
[email protected] ext. 7980