Dish's $1.4B TerreStar Bid Approved For Auction

Law360, New York (June 21, 2011, 4:06 PM EDT) -- A New York bankruptcy judge gave his blessing Tuesday to Dish Network Corp.'s $1.4 billion stalking horse bid for bankrupt satellite communications company TerreStar Network Inc., paving the way for a June 30 auction.

“The lack of objections is a reflection of this being a good event for all concerned," U.S. Bankruptcy Judge Sean H. Lane said at a hearing.

Reston, Va.-based TerreStar, which filed for Chapter 11 in October, must continue to solicit additional bids through June 27, Arik Preis of Akin Gump Strauss Hauer...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.