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DISH.US
id: 634
DISH Network Corporation (DISH) Cybersecurity Case
D. Colorado
Court1:23-cv-734
Case number22 Feb 2021
Class period Start27 Feb 2023
Class period End25 May 2023
Lead Plaintiff motion deadline- DISH Network confirmed that it had “determined that the outage was due to a cyber-security incident".
- $DISH price fell 6.48%, injuring investors.
- Investors suspect $DISH of negligence, failing to provide proper cybersecurity
On February 28, 2023, DISH Network Corp. (DISH) confirmed that it had “determined that the outage was due to a cyber-security incident and notified appropriate law enforcement authorities,” adding that the “threat agent” behind the ransomware attack stole data from Dish’s compromised systems, potentially containing personal information.
On this news, the $DISH price fell 6.48%, injuring investors.
Earlier, on February 24, 2023, a widespread outage caused DISH websites and apps to cease functioning, subjected customers to authentication issues when signing into TV channel apps using their Dish credentials, and appeared to render the Company’s call center phone numbers unreachable.
Considering all the facts, Investors may have reasons to suspect $DISH of negligence and failure to provide proper cybersecurity which led to damages for clients and investors of the Company.
Case Status
Motion to dismiss
Alleged Offence
Mismanagement,
Misleading Statements,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
28 February 2023
Lead Plaintiff Deadline
25 May 2023