Dish Exec Says Ergen's LightSquared Debt Buy Was Personal

Law360, New York (January 10, 2014, 3:40 PM EST) -- Dish Network Corp.’s treasurer on Friday testified in New York bankruptcy court that Chairman Charlie Ergen’s purchase of a LightSquared Inc. subsidiary’s secured debt was for his personal use and that he never took any improper action on behalf of Dish.

Jason Kiser, who is also a longtime friend of the billionaire, battled questions from lawyers for LightSquared and its owner, Harbinger Capital Partners LLC, who are trying to prove that Ergen breached a credit agreement that bars competitors from buying LightSquared. They say he purchased...
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