dish network corp-a (DISH) Key Developments
Deutsche Telekom Reportedly Looking For Another Prospective Buyer For T-Mobile
Jun 17 15
Deutsche Telekom AG (DB:DTE) is seeking an alternative buyer for T-Mobile US, Inc. (NYSE:TMUS) or is looking to force Charlie Ergen to acquire T-Mobile, according to an article by Financial Times. According to another source, Dish Network Corp. (NasdaqGS:DISH) and T-Mobile US are at an advanced stage and a deal could be reached within a few weeks.
The Colorado Supreme Court Issues Decision on Controversial Case Between Coats and Dish Network Corporation
Jun 15 15
The Colorado Supreme Court on June 15, 2015, issued a decision on a controversial case involving off-duty, legal marijuana use and an employer's right to fire an employee for such use. In the case of Coats vs. Dish Network, the court upheld findings of two lower courts, saying that 'employees who engage in an activity such as medical marijuana use that is permitted by state law but unlawful under federal law are not protected by the statute.' Colorado's court heard arguments on the case in September. The decision was made unanimously by six justices. The seventh, Justice Monica Marquez, recused herself because her father was involved in one of the lower court rulings. Plaintiff Brandon Coats was fired by Dish Network Corp. after Dish discovered the presence of THC, the psychoactive chemical in marijuana, in his system following a random drug test. Dish has a zero-tolerance policy for controlled substances, including marijuana. Coats had obtained a medical marijuana card after he received a prescription for its use by a physician to help cope with spasms and seizures resulting from quadriplegia. Following his termination, he brought suit against Dish, arguing that he used medical marijuana on his own time and not on Dish property. Coats' attorney argued that Coats was protected under Colorado's Lawful Activities Statute, which protects employees from being punished by their employers for legal, off-duty activities. The case has been closely watched by employers and marijuana advocates as the ruling could set a precedent for how such cases are handled in the future, both in Colorado and in other states as legalized marijuana becomes more prevalent.
Verizon Not Interested In Dish Network
Jun 15 15
When asked if Verizon Communications Inc. (NYSE:VZ) had any interest in acquiring Dish Network Corp. (NasdaqGS:DISH), Fran Shammo, Chief Financial Officer of Verizon said, "My answer is going to be one word: No."
DISH Network Corporation Announces the Retirement of Michael Kelly as Executive Vice President
Jun 12 15
DISH Network Corporation announced the retirement of Michael Kelly, executive vice president. Mr. Kelly joined DISH in 2000 with its acquisition of Kelly Broadcasting Systems.
Dish Network In Talks With Banks Over Funding
Jun 11 15
Dish Network Corp. (NasdaqGS:DISH) is in is in talks with banks over funding a bid for T-Mobile US, Inc. (NYSE:TMUS), according to Washington Business Journal. Dish Network is considering borrowing between $10 billion and $15 billion for the cash portion of the bid.