Law360, New York (September 12, 2011, 6:58 PM ET) -- TerreStar Corp. shareholder Mohawk Capital LLC objected to the satellite communications company's disclosure statement Friday, saying it undervalued assets and that attorneys at Akin Gump Strauss Hauer & Feld LLP were too involved with an affiliate to objectively handle the proceedings.
TerreStar, the parent company of satellite operator TerreStar Networks Inc., filed for bankruptcy in February after a plan to sell its subsidiary to Dish Network Inc. affiliate EchoStar Corp. fell through. Since then, Dish won an auction to buy TerreStar Networks and its lucrative Federal...
TerreStar Shareholder Questions Akin Gump's Objectivity
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