Wireless Co., Hedge Fund Battle Over Shares

Law360 (February 6, 2008, 12:00 AM EST) -- Just a few months after a Texas county court handed down a verdict in a case filed against TerreStar Corp. by Highland Crusader Offshore Partners LP over a proposed share swap, the parties are heading back to court to dispute the same deal.

Communications company TerresStar disclosed on Feb. 5 that Highland filed the suit on Feb. 1 in New York State Supreme Court. The suit demands that the wireless provider redeem 90,000 shares of Series A Preferred stock, as mandated by a 2005 share exchange...
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