Key Developments: EchoStar Corp (SATS.OQ)

SATS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

EchoStar Corp Receives National Weather Service Contract
Monday, 24 Jun 2013 08:00am EDT 

EchoStar Corp announced that it has been awarded a contract by the National Weather Service (NWS) to provide a satellite back-up solution for its Operational Systems Network (OPSnet). OPSnet is the primary communications system for NWS to analyze and distribute meteorological, hydrological, satellite, and radar data that is shared with Weather Forecast Offices nationwide.  Full Article

Harwood Feffer LLP Announces Investigation Of EchoStar Corp
Wednesday, 23 Jan 2013 02:22pm EST 

Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of EchoStar Corp, concerning whether the board has breached its fiduciary duties to shareholders. The EchoStar Board of Directors approved the grant of more than 1.5 million stock options to EchoStar's executive chairman and controlling stockholder, Charles W. Ergen, contrary to pre-existing limitations on the grant of such stock options to no more than 800,000 per year. The ultra vires grant of such options together with misrepresentations about such grant of options may constitute breaches of the fiduciary obligations of loyalty, good faith and candor.  Full Article

Ryan & Maniskas, LLP Announces Investigation Of EchoStar Corp
Tuesday, 22 Jan 2013 06:47pm EST 

Ryan & Maniskas, LLP announced that it is investigating potential claims against the Board of Directors of EchoStar Corp concerning possible breaches of fiduciary duty and other violations of law related to the Company's excessive compensation package for its CEO and other executives. The investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval and awarding of excessive compensation to Company executives.  Full Article

EchoStar Corp's Hughes Network Systems LLC Receives Order by EPA for Satellite Broadband Services
Tuesday, 15 Jan 2013 08:02am EST 

EchoStar Corp's Hughes Network Systems LLC announced that it has received an order from the U.S. Environmental Protection Agency (EPA) to provide satellite broadband services for the agency's RadNet program. Under the order, Hughes will provide 50 sites with 12 months of satellite broadband service. The Hughes solution includes its HN9000 broadband satellite terminal and a dedicated Access Gateway, supporting expansion and potential conversion into a private network. Hughes will install and deliver satellite broadband services at up to five RadNet locations each month.  Full Article

EchoStar Corp Subsidiary Files Patent Infringement Lawsuit To Protect Its Content Placeshifting Technologies
Tuesday, 8 Jan 2013 12:05am EST 

EchoStar Corp announced its subsidiary Sling Media has filed a lawsuit against two companies in U.S. District Court for the Northern District of California , alleging infringement of five Sling Media patents. The civil complaint names Monsoon Multimedia Inc. of San Mateo, CA. and Belkin International Inc. of Los Angeles . Sling Media alleges that products sold by the two California companies infringe Sling technology used to power the Slingbox product family. Using Slingbox, consumers have the ability to watch and control content placeshifted from their living room TVs at any time, to any location, using Internet-connected PCs, Macs, tablets and smartphones. Specifically, the suit alleges that Monsoon and Belkin infringe U.S. Patent Nos. 7,725,912, "Method for Implementing a Remote Display System with Transcoding;" 7,877,776, "Personal Media Broadcasting System;" 8,051,454, "Personal Media Broadcasting System with Output Buffer;" 8,060,909, "Personal Media Broadcasting System;" and 8,266,657, "Method for Effectively Implementing a Multi-Room Television System."  Full Article

EchoStar Corp Announces Board Change
Tuesday, 4 Dec 2012 07:14am EST 

EchoStar Corp announced that David J. Rayner will return to the role of Chief Financial Officer of EchoStar. Kenneth G. Carroll, the current Chief Financial Officer (CFO) of EchoStar, will assume a broadened role of Executive Vice President of corporate and business development. Mr. Carroll and Mr. Rayner will work side-by-side through December to ensure a smooth transition into their new roles.  Full Article

The Law Firm of Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Echostar Corp. In Connection With Executive Compensation
Monday, 24 Sep 2012 01:42pm EDT 

Levi & Korsinsky, LLP announced that it is investigating EchoStar Corp., and its Board of Directors, in connection with the compensation provided to certain of its executive officers.  Full Article

Echostar Corporation's Hughes Network Systems, LLC Secures Order From USDA's Food Safety And Inspection Service
Tuesday, 6 Dec 2011 08:00am EST 

Hughes Network Systems, LLC (HUGHES) announced that it has been awarded a task order by the U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS) to deliver managed broadband services to 300 offices and inspection sites. The order is for a one year period under a Blanket Purchase Agreement of Hughes' GSA Schedule 70 contract (GS-35F-0907P). The comprehensive Hughes solution will provide the following; Managed delivery of broadband services; Integrated and consolidated billing; Turn-key implementation with online status reporting; 24x7 monitoring and notification; Monitoring and management of contractor-provided network equipment; Nationwide same day, on-site field maintenance and help desk support; Network solution design and specification. Hughes is a wholly owned subsidiary of EchoStar Corporation  Full Article

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