The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of DISH Network Corporation (NASDAQ: DISH) who purchased securities between February 22, 2021 and February 27, 2023. The action, which was filed in the United States District Court for the District of Colorado, alleges that the Company violated federal securities laws.
In particular, the Dish lawsuit alleges that (i) the Company overstated its operational efficiency and maintained deficient cybersecurity and information technology infrastructure; (ii) as a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (iii) the foregoing cybersecurity deficiencies also both rendered Dish’s operations susceptible to widespread service outages and hindered the Company’s ability to respond to such outages; and (iv) as a result, the company’s public statements were materially false and misleading at all relevant times.
Shareholders have until May 22, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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