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The filed complaint alleges that EchoStar Corporation made materially false and/or misleading statements and/or failed to disclose that: The Wall Street Journal reported on May 12, 2025, 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. Following this news, EchosStar stock dropped heavily on the same day.
In order to be eligible to join the SATS class action lawsuit, you must have incurred a loss on shares of EchoStar Corporation purchased during the class period listed above.
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