DENVER - EchoStar Communications Corp. has agreed to settle a 5 1/2-year-old insurance claim over a malfunctioning satellite that could net up to $240 million.
The nation's No. 2 satellite television provider, which operates The Dish Network, said Wednesday it has reached agreement with insurance carriers representing 83 percent of the full amount.
EchoStar, based in suburban Englewood, filed a $219.3 million claim against numerous carriers in 1998 when one of its satellites missed its orbit after launch and failed to operate properly.
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Yahoo! News - EchoStar Settles Satellite Insurance Claim
