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.

DEWEY LIVE BLOG

Follow our exclusive coverage of the trial of the year:

Catch up on the Dewey trial here