4 Must Know Things About the DISH Networks Class Action Lawsuit

If you suffered losses in DISH Networks stock, call a DISH Networks stock loss lawyer

The DISH Network class action lawsuit seeks to represent purchasers or acquirers of DISH Network Corporation (NASDAQ: DISH) securities between February 22, 2021 and February 27, 2023, inclusive (the “Class Period”).  Captioned Jaramillo v. DISH Network Corporation, No. 23-cv-00734 (D. Colo.), the DISH Network class action lawsuit charges DISH Network and certain of DISH Network’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered losses in DISH Network stock and wish to serve as lead plaintiff of the DISH Network class action lawsuit, please provide your information below.  You can also contact DISH Network Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected].

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When Is the Lead Plaintiff Deadline in the DISH Networks Class Action Lawsuit?

Lead plaintiff motions for the DISH Network class action lawsuit must be filed with the court no later than May 22, 2023.  

What Are the Allegations in the DISH Network Lawsuit

DISH Network, together with its subsidiaries, provides pay-TV services in the United States.
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The DISH Network class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) DISH Network overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (ii) as a result, DISH Network was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; and (iii) the foregoing cybersecurity deficiencies also both rendered DISH Network’s operations susceptible to widespread service outages and hindered Dish Network’s ability to respond to such outages.

On February 28, 2023, DISH Network, together with its subsidiaries, provides pay-TV services in the United States. The DISH Network class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) DISH Network overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (ii) as a result, DISH Network was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; and (iii) the foregoing cybersecurity deficiencies also both rendered DISH Network’s operations susceptible to widespread service outages and hindered Dish Network’s ability to respond to such outages.
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On February 28, 2023, DISH Network confirmed that it had “determined that [a previously disclosed] outage was due to a cyber-security incident and notified appropriate law enforcement authorities.”  On this news, DISH Network’s stock price fell by more than 6%, damaging investors.confirmed that it had “determined that [a previously disclosed] outage was due to a cyber-security incident and notified appropriate law enforcement authorities.”  On this news, DISH Network’s stock price fell by more than 6%, damaging investors who suffered losses in DISH Networks stock.

What is the Lead Plaintiff Process in the DISH Network Class Action Lawsuit

​The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in DISH Networks stock to seek appointment as lead plaintiff in the in the DISH Network Class Action Lawsuit class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

How Was the Class Period in the DISH Network Foods Class Action Lawsuit Determined?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public trough a corrective disclosure.  
 
In order to be a part of the class, you must have suffered damages in DISH Network stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated. ​

Contact a DISH Network Stock Loss Lawyer if You Suffered Losses in DISH Network Stock

​If you suffered damages in DISH Network, contact DISH Networks stock loss lawyer Timothy L. Miles today for a free case evaluation about a DISH Network class action lawsuit. 

TIMOTHY L. MILES, ESQ.

Timothy L. Miles, Esq.  is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.