The lawsuit, filed across several states, asserts that DISH “overstated” its operating efficiency while operating with inferior cybersecurity and IT infrastructure. The objective of the lawsuit is to recover losses suffered by DISH investors who suffered adversities as a result of what has been referred to as “securities fraud.”
Dish Sued After Ransomware Incident
After the issue came to light, at least six law firms are now pursuing a class action lawsuit against Dish to recoup losses for Dish stockholders due to the alleged “securities fraud” between February 22, 2021, and February 27, 2023.
The complaint alleges Dish Network of attempting to conceal its operational effectiveness while maintaining “deficient” cybersecurity and IT infrastructure.
“…As a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties,” states a court complaint, filed in the U.S. District Court of Colorado.
The law firms representing the plaintiffs include Rosen Law Firm, Levi & Korsinsky, the New York-based Law firm of Vincent Wong, San Diego- based Robins LLP, Bragar Eagle & Squire, P.C., and Bernstein Liebhard LLP.
“The foregoing cyber
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