Dish Network 2005 Annual Report Download - page 45

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35
investment in Enron commercial paper, it was considered to be high quality and low risk. We cannot predict with
any degree of certainty the outcome of the suit or determine the extent of any potential liability or damages.
Riyad Alshuaibi
During 2002, Riyad Alshuaibi filed suit against Michael Kelly, one of our executive officers, Kelly Broadcasting
Systems, Inc. (“KBS”), and EchoStar in the District Court of New Jersey. Plaintiff alleged breach of contract,
breach of fiduciary duty, fraud, negligence, and unjust enrichment resulting in damages in excess of $50.0 million.
We denied the allegations of plaintiff's complaint. On October 26, 2006, we reached a settlement which did not
have a material impact on our results of operations.
Other
In addition to the above actions, we are subject to various other legal proceedings and claims which arise in the
ordinary course of business. In our opinion, the amount of ultimate liability with respect to any of these actions is
unlikely to materially affect our financial position, results of operations or liquidity.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No items were submitted to a vote of security holders during the fourth quarter of 2006.