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EchoStar Deals Worth $1.5 Billion Must be Investigated, US Says
Source: Bloomberg
Legal & LitigationBanking & LiquiditySovereign Debt & Ratings
The US Trustee alleges EchoStar conducted $1.5B of “unusual transactions” with its bankrupt subsidiary, Hughes Satellite Systems. The Trustee is asking the court to appoint an examiner to investigate the deals, raising heightened legal and liquidity risk for stakeholders.
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