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LightSquared Inc.

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Case overview

Case Number:

1:12-bk-12080

Court:

New York Southern

Nature of Suit:

Firms

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  1. December 04, 2015

    LightSquared Gets FCC's Blessing For Spectrum Handoff

    The Federal Communications Commission blessed a deal Friday that will transfer valuable wireless spectrum into the hands of a new LightSquared entity and help bring a long and bitter bankruptcy to its official end.

  2. June 02, 2015

    LightSquared Gets Nod For $1.75B Exit Financing

    LightSquared Inc. received approval from a New York bankruptcy judge on Tuesday to enter into a $1.75 billion exit financing arrangement that the wireless communications company said will power its reorganization plan after three years in Chapter 11.

  3. May 20, 2015

    LightSquared Seeks Permisssion To Enter $1.75B Facility

    LightSquared Inc. on Tuesday asked a New York bankruptcy judge to approve its entering into a $1.75 billion working capital facility with three lenders that is intended to get the wireless communications startup back on its feet after its reorganization plan was approved earlier this year.

  4. April 10, 2015

    Ergen Not Giving Up On LightSquared Ch. 11 Injunction

    Dish Network Corp. Chairman Charlie Ergen filed an appeal on Thursday against an injunction that LightSquared Inc. obtained under a restructuring strategy limiting the ability of creditors like him to obstruct the wireless venture's efforts at obtaining government approval for its terrestrial network.

  5. April 07, 2015

    LightSquared Punts On Ergen's Ch. 11 Protection Demand

    Lawyers representing Dish Network Corp. Chairman Charlie Ergen reached an agreement with LightSquared Inc. on Tuesday to postpone his demand for $6.3 million in monthly payments as protection against a downturn in the wireless venture's prospects.

  6. March 26, 2015

    LightSquared Wins Approval To Exit Marathon Ch. 11

    LightSquared Inc. secured a judge's approval Thursday for a bankruptcy reorganization that lets the wireless startup repay its debts, try to revive a failed nationwide network and retain an ownership stake for Philip Falcone's hedge fund after three years of intense confrontations with creditors.

  7. March 25, 2015

    Ergen Makes Peace With LightSquared's Ch. 11 Exit

    Dish Network Corp. Chairman Charlie Ergen on Tuesday formally ceased opposing LightSquared Inc.'s departure from bankruptcy protection now that the wireless venture has come up with $1.5 billion in fresh financing to repay his hotly disputed debt claim in cash.

  8. March 18, 2015

    Ergen Cash-Out Paves Way For LightSquared Ch. 11 Exit

    LightSquared Inc. announced a groundbreaking deal Wednesday to pay in cash the $1.5 billion owed to Dish Network Corp. Chairman Charlie Ergen, the bankrupt wireless venture's largest single creditor, and bring its contentious and enormously costly three-year bankruptcy to an end.

  9. March 17, 2015

    Cerebus, Solus Bid For Ergen's LightSquared Debt

    Cerberus Capital Management LP and Solus Alternative Asset Management LP sprung a proposal Tuesday to buy $950 million in LightSquared Inc. debt held by billionaire Charlie Ergen, the bankrupt broadband wireless concern's largest single creditor, before Ergen's expert downplayed LightSquared's value at a Chapter 11 trial.

  10. March 16, 2015

    LightSquared Brings Objectors On Board With Ch. 11 Plan

    Two investment firms have agreed to reverse their votes against LightSquared Inc.'s restructuring strategy in exchange for new preferred equity interests, eliminating much of the wireless venture's remaining opposition in a trial on its proposed emergence from bankruptcy.

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