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EchoStar Deals Worth $1.5 Billion Must be Investigated, US Says

1 source ·1 article ·Aug 25, 20:59 UTC EchoStar

EchoStar Corp. allegedly engaged in $1.5 billion of “unusual transactions” with its bankrupt subsidiary, Hughes Satellite Systems Corp., according to the US Trustee, who urged the court to appoint an examiner to investigate the deals.

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Bloomberg Markets ·Aug 25, 20:59 UTC

EchoStar Deals Worth $1.5 Billion Must be Investigated, US Says

EchoStar Corp. allegedly engaged in $1.5 billion of “unusual transactions” with its bankrupt subsidiary, Hughes Satellite Systems Corp., according to the US Trustee, who urged the court to appoint an examiner to investigate the deals.