TerreStar Shareholder Questions Akin Gump's Objectivity

Law360, New York (September 12, 2011, 6:58 PM EDT) -- TerreStar Corp. shareholder Mohawk Capital LLC objected to the satellite communications company's disclosure statement Friday, saying it undervalued assets and that attorneys at Akin Gump Strauss Hauer & Feld LLP were too involved with an affiliate to objectively handle the proceedings.

TerreStar, the parent company of satellite operator TerreStar Networks Inc., filed for bankruptcy in February after a plan to sell its subsidiary to Dish Network Inc. affiliate EchoStar Corp. fell through. Since then, Dish won an auction to buy TerreStar Networks and its lucrative Federal...
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