LightSquared Urges Judge To Ax 'No' Vote On Ch. 11 Plan

Law360, New York (March 4, 2014, 5:57 PM EST) -- LightSquared Inc. on Monday asked a judge to disqualify a vote against the telecommunication company’s proposed bankruptcy exit plan, saying it is the latest in a series of alleged efforts to let Dish Network Corp. acquire the company’s assets at a steep discount.

The company accuses SP Special Opportunities LLC, an investment vehicle owned by Dish Chairman Charles Ergen, of voting against the plan not because of any legitimate issues with the terms, but as a means to thwart LightSquared’s attempt to reorganize itself on its...
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