Ergen Venture Offers 'Superior' Loan To LightSquared

Law360, Wilmington (January 24, 2014, 9:26 PM ET) -- Dish Network Corp. Chairman Charlie Ergen's investment vehicle, which purchased a large chunk of LightSquared Inc.’s debt, objected late Thursday to the company’s request for a $33 million bankruptcy loan from a group of hedge funds, arguing that its competing proposal is “unquestionably superior.”

In a motion before the bankruptcy court in the Southern District of New York, SP Special Opportunities LLC contends that the debtor-in-possession financing its offering has a better interest rate and no prepayment penalties and is not linked to any of the...
To view the full article, register now.




Case Information

Case Title

LightSquared Inc.

Case Number



New York Southern

Nature of Suit

Date Filed

May 14, 2012

Law Firms