DBSD Noteholders Try To Salvage Ch. 11 Plan

Law360, New York (February 28, 2011, 8:48 PM EST) -- A group of noteholders in bankrupt satellite operator DBSD North America Inc. floated its own $750 million debt-for-equity reorganization plan Friday that purportedly would fast-track confirmation by partly incorporating a previously confirmed, Federal Communications Commission-approved plan.

The ad hoc committee of noteholders’ plan also would be much quicker than Dish Network Corp.'s proposal to take over DBSD for $1.1 billion because that proposal doesn't already have the blessing of the FCC, according to documents filed by noteholders' counsel Milbank Tweed Hadley & McCloy LLP in the...
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