Judge OKs Dish's $1.4B Buy Of Bankrupt TerreStar

Law360, New York (July 7, 2011, 5:10 PM EDT) -- A New York bankruptcy judge on Thursday approved the nearly $1.4 billion sale of TerreStar Network Inc. to stalking horse bidder Dish Network Corp., marking Dish's third purchase of companies out of Chapter 11 protection in recent months.

The sale approval followed an unusual path. TerreStar, which filed for Chapter 11 protection in October, first won permission to engage in a so-called naked auction — without an initial bidder — but then later picked Dish as the stalking horse. However, no other bidders entered the ring...
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