Monday, May 29, 2023 | Back issues
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Shareholder Class Action

ROCKVILLE, Md. - Directors of Hughes Communications are selling the company too cheaply through an unfair process to EchoStar for $60.70 a share, or $2 billion, "to allow majority shareholder Apollo Global Management ... to liquidate its 57% share in the company at a massive profit," shareholders say in a class action.

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