EchoStar Deals Worth $1.5 Billion Must be Investigated, US Says

EchoStar Corp. conducted $1.5 billion in transactions with its bankrupt subsidiary Hughes Satellite Systems Corp., according to the US Trustee, who requested the court appoint an examiner to investigate the dealings. The US Trustee stated the transactions warranted examination. The court filing did not specify findings of wrongdoing but identified the transactions as requiring further review.

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