LightSquared Says Dish Chair Withheld Key Docs In Debt Row

Law360, New York (March 24, 2014, 6:38 PM EDT) -- LightSquared Inc. on Friday urged a bankruptcy judge to find in its favor in a dispute surrounding Dish Network Corp. chairman Charlie Ergen’s purchase of $1 billion of the private equity-backed company's debt, as punishment for Ergen’s counsel allegedly withholding key documents during a trial last month.

The dispute stems from a lawsuit that the bankrupt telecommunications company, controlled by Philip Falcone’s Harbinger Capital Partners LLC, launched last year accusing Ergen of secretly, and in violation of a credit agreement, buying up a controlling share of...
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.