Satellite Smartphone Maker TerreStar Files For Ch. 11
TerreStar and 12 affiliates filed a petition in the U.S. Bankruptcy Court for the Southern District of New York, after entering into a restructuring support agreement with EchoStar Corp., the company's largest secured creditor.
Parent firm TerreStar Corp., which is not part of the filing, said EchoStar had agreed to support a plan involving a...
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