LightSquared Lenders Demand Dish Docs Involving $2B Bid

Law360, New York (February 27, 2014, 2:34 PM EST) -- LightSquared Inc.’s secured lenders on Thursday took steps to force Dish Network Corp., its chairman Charles Ergen and an Ergen-owned investment vehicle to cough up documents surrounding an alleged “bait and switch scheme” related to a $2.2 billion offer for the bankrupt LightSquared’s assets.

The ad hoc group of secured lenders argued in court papers that Dish, Ergen and Ergen’s SP Special Opportunities LLC have refused to comply with a subpoena served earlier this month demanding records related to their purported “strategy” to acquire LightSquared’s wireless...
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