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EchoStar Receives Additional Contempt Sanctions (SATS,TIVO)

Sep 05, 2009 (SmarTrend(R) News Watch via COMTEX) --

Companies: EchoStar Holding Corp (SATS), TiVo Inc. (TIVO)

9/5/2009-Friday, a Texas federal judge ruled against Dish Network's parent EchoStar (NASDAQ:SATS) regarding its five-year old case against TiVo (NASDAQ:TIVO), ordering further contempt sanctions. A US District Court Judge imposed sanctions on EchoStar (NASDAQ:SATS) for approximately $200 million, for its continued violation of an injunction first ruled in '05. All together, EchoStar could be forced to pay over $400 million in sanctions to TiVo, if the appeal isn't successful.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Companies: EchoStar Holding Corp (SATS), TiVo Inc. (TIVO)


Related terms: federal, market, nasdaq, sanctions, securities, texas

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