Harwood Feffer LLP Announces Investigation of EchoStar Corporation
NEW YORK, Jan. 23, 2013
NEW YORK, Jan. 23, 2013 /PRNewswire/ --Harwood Feffer LLP (www.hfesq.com) is
investigating potential claims against the board of directors of EchoStar
Corporation ("EchoStar" or the "Company") (NASDQ: SATS), concerning whether
the board has breached its fiduciary duties to shareholders.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )
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
Current holders of EchoStar shares, purchased at any time, may have a claim
against the board for breaches of fiduciary duties, gross mismanagement,
waste, and/or abuse of control. If you own EchoStar shares and wish to
discuss this matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for
this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
Press spacebar to pause and continue. Press esc to stop.