LightSquared Must Replace Sale Director As Talks Continue

Law360, New York (September 24, 2013, 1:53 PM ET) -- LightSquared Inc., its secured lenders and a Dish Network Corp. Chairman Charlie Ergen-controlled potential buyer of the bankrupt wireless company's assets agreed Tuesday to continue negotiating on bidding procedures and replace an allegedly conflicted member of an independent sale committee.

The parties decided to adjourn the bid procedures matter by about a week just a day after accusations surfaced that Donna Alderman, a member of the independent committee established to oversee the sale of valuable LightSquared spectrum assets, has a tumultuous history with Dish. Dish's chairman...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers