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.



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.