Dish's Ergen Hammered By LightSquared Lenders Over Value

Law360, New York (March 26, 2014, 7:06 PM EDT) -- Dish Network Corp. Chairman Charlie Ergen on Wednesday battled questions from lawyers for LightSquared Inc. lenders surrounding his and Dish's valuations of the company when they considered buying its wireless spectrum assets for $2.2 billion, maintaining that LightSquared's plan to exit bankruptcy treats him unfairly.

An attorney for the ad hoc group of secured lenders was aiming to show a New York bankruptcy judge that LightSquared’s proposed reorganization plan, which values the company at $7 billion, is worthy of her approval despite efforts by Ergen and...
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