LightSquared Creditors Balk At Joining Committee

Law360, New York (June 20, 2012, 8:03 PM EDT) -- The U.S. trustee for the Southern District of New York on Wednesday told the bankruptcy judge overseeing LightSquared Inc.'s bankruptcy that she was unable to appoint an official committee of unsecured creditors in the case due to lack of interest.

U.S. Trustee Tracy Hope Davis submitted a statement to U.S. Bankruptcy Judge Shelley C. Chapman saying that while she cannot currently appoint an official committee to represent unsecured creditors' interests in the case, she reserves her right to appoint a committee in the future if circumstances...
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