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TiVo (TIVO Quote) was handed a legal setback as EchoStar (SATS Quote) won a stay request from a U.S. appeals court Wednesday.
TiVo shares fell 13% Thursday after EchoStar was granted a suspension of an order to shut down the DVR service to some 4 million users.
As TheStreet warned last month, investors who sent TiVo's stock up 47% on an earlier federal court decision against TiVo may not see a quick settlement anytime soon. The stay was granted pending the results of EchoStar's appeal. ...
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