Ransomware Attack at Dish Network
Satellite TV behemoth Dish Network experienced a network outage last week that was the result of a ransomware attack, company officials said in an 8-K filing to the Securities and Exchange Commission (SEC). The attack appeared to affect Dish.com, the Dish Anywhere app, Boost Mobile (a subsidiary owned by Dish Wireless), and other websites and networks owned and operated by Dish Network. Customers also said the company’s call center phone numbers were unreachable. The attack effected 296,000 individuals.
Dish Network faces multiple class action lawsuits for allegedly making "materially false and misleading statements. The legal actions seek to recover damages for investors who purchased or acquired Dish Network securities between Feb. 22, 2021 and Feb. 27, 2023.
February 23, 2023
Loss of Stock Price as result of issuing misleading statements