With Lender Plan Filed, LightSquared Told To Continue Talks

Law360, New York (July 23, 2013, 3:09 PM EDT) -- A bankruptcy judge on Tuesday scolded attorneys for LightSquared Inc., a group of lenders and entities owned by Dish Network Corp. chairman Charlie Ergen over their disconnected efforts to craft a deal to pull LightSquared out of bankruptcy, telling them they need to continue negotiations.

U.S. Judge Shelley Chapman’s frustrations stemmed from the lack of communication between LightSquared and the lenders over a proposed bid to buy the assets of LightSquared LP, one of its subsidiaries, for $2 billion. She expressed her annoyance at a hearing...
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