LightSquared Judge Says Dish Properly Dropped $2.2B Bid

Law360, New York (January 22, 2014, 3:48 PM ET) -- A New York bankruptcy judge said Wednesday that a Dish Network Corp. unit properly withdrew its $2.2 billion offer to buy LightSquared Inc. spectrum assets despite arguments from secured lenders that the bid was irrevocable.

U.S. Bankruptcy Judge Shelley C. Chapman gave her “tentative view” Wednesday in a hearing that frequently devolved into confusion and frustration among attorneys for the Dish unit, the ad hoc group of secured lenders to a LightSquared subsidiary, LightSquared and LightSquared’s special committee. The judge spent much of the hearing attempting...
To view the full article, register now.

Related

Sections

Case Information

Case Title

LightSquared Inc.


Case Number

1:12-bk-12080

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012

Law Firms

Companies