LightSquared FCC Filing Buys It More Time To File Ch. 11 Plan

Law360, New York (October 1, 2012, 5:36 PM EDT) -- A New York bankruptcy judge on Monday extended LightSquared Inc.'s exclusive right to file a Chapter 11 plan until the end of January after the debtor said it anticipates a possible breakthrough on the make-or-break issue of its hoped-for 4G spectrum.

U.S. Bankruptcy Judge Shelley C. Chapman approved LightSquared's proposed exclusivity period extension for 141 days after its Sept. 11 expiration, giving it a new deadline of Jan. 31 to file a plan before other parties can begin floating their own. The debtor will have until...
To view the full article, register now.



Case Information

Case Title

LightSquared Inc.

Case Number



New York Southern

Nature of Suit

Date Filed

May 14, 2012

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.