4 Ch. 11 Proposals Up For A Vote In LightSquared Bankruptcy

Law360, New York (October 9, 2013, 2:55 PM EDT) -- LightSquared Inc., a group of secured lenders, a potential buyer of certain assets and LightSquared’s owner Harbinger Capital Partners LLC will all move ahead with their respective proposals to either sell or reorganize the wireless startup following a hearing in bankruptcy court Wednesday.

The four competing parties were each given permission by U.S. Bankruptcy Judge Shelley C. Chapman to solicit votes through their disclosure statements that accompany their individual Chapter 11 plans for LightSquared. Although LightSquared, its secured lenders and Boston-based MAST Capital Management LLC all...
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