Boeing, Aker Settle Claims With Sea Launch

Law360, New York (July 29, 2010, 5:30 PM EDT) -- Aeronautics giant Boeing Co. and Aker Maritime Finance AS have reached a deal with bankrupt satellite company Sea Launch LLC to resolve their dispute over about $780 million in debt by giving Boeing and Aker an equity stake of about 5 percent of the reorganized company.

Aker, Boeing and Boeing affiliate Boeing Commercial Space Co. will together accept a stake equal to no more than 5 percent of the new Sea Launch to be divided among them under an agreement approved Tuesday by the U.S. Bankruptcy...
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