Teligent Fights K&L Gates To Preserve Estate Deal

Law360, New York (February 22, 2010, 1:53 PM EST) -- The unsecured claims estate representative for bankrupt Teligent Inc. is lashing out at K&L Gates LLP, arguing that the firm is unfairly seeking to dismantle a multimillion-dollar settlement relating to former CEO Alex Mandl's departure from the telecom.

Savage & Associates PC, the unsecured claims representative, said in a filing Friday in the U.S. District Court for the Southern District of New York that the law firm had wrongly alleged that U.S. Bankruptcy Judge Stuart Bernstein of the Southern District of New York approved the settlement...
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