Mar 6, 05:15 PM

Prosecutors Seek Dismissal of $3.3B Dish Network FCC Suit; DCG Challenges NYAG's $3B Allegations

Federal prosecutors have announced plans to seek the dismissal of a whistleblower lawsuit accusing Dish Network and others of defrauding the Federal Communications Commission (FCC) out of $3.3 billion. In a separate development, Digital Currency Group (DCG) has filed motions to dismiss claims by the New York Attorney General (NYAG) alleging that the company hid losses and cheated customers. The lawsuit, which seeks $3 billion in damages, has been described by DCG and its founder, Barry Silbert, as baseless. An exhibit from DCG's motion revealed discussions of a potential merger between Gemini and Genesis, indicating the complexity of the case.