LightSquared Defends Suit Against Dish Over $1B Debt Buy
By Beth Winegarner
Law360, San Francisco (December 5, 2013, 7:31 PM EST) -- LightSquared Inc. on Wednesday urged a New York federal judge not to toss its adversary suit claiming Dish Network Corp. and its chairman, Charlie Ergen, illegally bought more than $1 billion in bankrupt LightSquared's debt, arguing it has provided ample evidence Ergen wasn't acting for his benefit alone.
Ergen and Dish have argued that U.S. Bankruptcy Court Judge Shelley C. Chapman should throw out the case, because LightSquared hasn't shown that SP Special Opportunities LLC, which bought the debt, is a Dish subsidiary. LightSquared contends that...