NEW YORK -- (Business Wire)

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of Hughes Communications, Inc. (NASDAQ: HUGH) arising from the proposed acquisition of Hughes by EchoStar Corporation (NASDAQ: SATS).

Under the terms of the transaction, shareholders will receive $60.70 per share of Hughes. The transaction is expected to close later this year.

Weiss & Lurie is investigating whether Hughes’s Board acted in the best interests of shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value. Of particular concern is that Hughes insiders are benefiting from the transaction to the detriment of shareholders. EchoStar is required to retain Hughes’s directors and officer’s liability insurance policies, and indemnify Hughes’s officers, directors, and employees for a period of six years following the closing of the Merger. Moreover, Apollo Management IV, L.P., which owns a majority of Hughes’ outstanding stock, has approved the transaction by entering into a written shareholder consent, thereby denying other Hughes shareholders a meaningful vote. Additionally, an analyst set a price target of $65 on Hughes stock.

If you own Hughes shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at infony@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at infony@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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Contacts:

Weiss & Lurie
Julia J. Sun, Esq.
1500 Broadway, Suite 1600
New York, NY 10036
T: 212-682-3025
F: 212-682-3010
www.weisslurie.com

Source: Weiss & Lurie