Bankrupt LightSquared Gets Incentive Plan OK

Law360, New York (October 23, 2012, 3:31 PM EDT) -- A New York bankruptcy judge on Tuesday approved a key employee incentive plan for four insiders at wireless Internet service company LightSquared Inc. after the debtor managed to reach an agreement with a group of lenders and the U.S. trustee, resolving their objections.

U.S. Bankruptcy Judge Shelley C. Chapman approved the KEIP during a hearing, at which an attorney for the debtors explained the progress the parties had made on reaching a consensual resolution of their differences since the original KEIP proposal was floated nearly two...
To view the full article, register now.

Related

Sections

Case Information

Case Title

LightSquared Inc.


Case Number

1:12-bk-12080

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.