TerreStar Wins Approval For Ch. 11 Disclosures

Law360, New York (January 10, 2012, 7:31 PM EST) -- A New York bankruptcy judge signed off Tuesday on mobile communications service provider TerreStar Corp.'s disclosures about its Chapter 11 plan after several objections were either resolved or shelved.

U.S. Bankruptcy Judge Sean H. Lane also agreed to schedule a tentative March 7 hearing for parties to debate whether the bankrupt company's Chapter 11 plan should be confirmed.

While Finnish engineering company Elektrobit Inc., TSC's biggest unsecured creditor, dropped its opposition to the amended disclosure statement, it said it still had "serious concerns" about the reorganization...
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