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DISH Network Corporation (DISH) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Tuesday, 21 November 2023 12:00 PM

Bronstein, Gewirtz and Grossman, LLC

NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DISH Network Corporation ("DISH" or "the Company") (NASDAQ:DISH). Investors who purchased DISH securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/dish.

The investigation concerns whether DISH has violated federal securities laws.

Investigation Details:

On November 6, 2023, DISH announced its financial results for the third quarter of 2023. Among other things, DISH reported a Q3 GAAP EPS figure of -$0.26, missing consensus estimates by $0.30, and a revenue figure of $3.7B, missing consensus estimates by $120M and representing a -9.8% year-over-year decline. In addition, the Company reported that its retail wireless net subscribers decreased by approximately 225,000 in Q3, compared to a net increase of 1,000 in the year-ago quarter. Finally, DISH announced that its President and Chief Executive Officer, W. Erik Carlson, intended to resign effective November 12, 2023. On this news, DISH's stock price fell $2.05 per share, or 37.34%, to close at $3.44 per share on November 6, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased DISH securities, you can assist this investigation by visiting the firm's site: bgandg.com/dish. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]

SOURCE: Bronstein, Gewirtz & Grossman, LLC

Topic:
Class Action
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