Bankrupt DBSD Files 2nd Reorganization Plan

Law360, New York (April 14, 2011, 5:27 PM EDT) -- Mobile satellite developer DBSD North America Inc. filed its second Chapter 11 reorganization plan Wednesday in New York, two months after an appellate court objected to a so-called gifting transfer contained in its first plan.

DBSD filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York in May 2009. Its first reorganization plan was confirmed in November 2009, but Sprint Nextel Corp. and Dish Network Corp. appealed. The U.S. Court of Appeals for the Second Circuit stayed the plan...
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