Dish's $2B Offer For LightSquared On Brink Of Collapse

Law360, New York (January 07, 2014, 1:27 PM ET) -- A Dish Network Corp. subsidiary’s offer to purchase LightSquared Inc. assets for $2.2 billion is on the rocks just days before a bankruptcy court was set to hear arguments for and against the acquisition, attorneys said during a Tuesday court hearing.

Due to what a lawyer for the ad hoc group of secured lenders to a LightSquared subsidiary described as a “technical issue” that would “impair portions of the LightSquared spectrum,” Dish unit L-Band Acquisition Corp. wants to back out of its offer to buy up...
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