Ergen Denies LightSquared Buy Was To Secretly Help Dish

Law360, New York (January 13, 2014, 8:31 PM EST) -- Dish Network Corp.’s billionaire chairman Charlie Ergen on Monday reiterated arguments that he purchased a controlling share of the bankrupt LightSquared Inc.’s secured debt for his own benefit, not for the purpose of providing Dish an advantage in its bid to buy LightSquared spectrum assets.

In the face of a full day of questioning by attorneys regarding his control over Dish and the line between his investments as an individual and his work on behalf of Dish, Ergen maintained that the approximately $700 million he used...
To view the full article, register now.

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.