If You Own Hughes Communications, Inc. Common Stock a Proposed Settlement May Affect Your Rights
WASHINGTON, Sept. 30, 2011/PRNewswire-USNewswire/ -- The following is being released by the law firm of Levi & Korsinsky LLP.
A website, www.Hughesshareholdersettlement.com, has been created to inform all common stockholders of Hughes Communications Inc. ("Hughes") from February 13, 2011 to June 8, 2011 about certain proceedings and the proposed settlement of the matter In re Hughes Communications, Inc. Shareholder Litigation, which is currently pending in the Circuit Court for Montgomery County, Maryland. The proposed settlement in this matter relates to a Merger between Hughes and certain entities affiliated with EchoStar Corporation ("EchoStar") whereby Hughes became an indirect subsidiary of EchoStar, on or around February 13, 2011. Through the website, potentially impacted common stockholders can obtain copies of the Notice of Pendency of Class Action, Proposed Settlement, Final Approval Hearing and Right to Appear and the Order Preliminarily Approving Settlement and Providing for Notice entered by the Court on September 8, 2011. A Final Approval Hearing on the proposed settlement is scheduled for December 1, 2011. Additional information is available at the website listed above.
SOURCE Levi & Korsinsky LLP
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