Iridium Settles Disputes With Motorola, Lenders

Law360, New York (May 21, 2008, 12:00 AM EDT) -- A bankruptcy judge has approved a global settlement agreement putting to rest various disputes in the long-standing Chapter 11 case of former wireless network operator Iridium Operating LLC, setting the stage for the company to wrap up its bankruptcy after almost nine years.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York approved the settlement agreement at a hearing on Tuesday, resolving several pending disputes between Iridium and Motorola Inc., according to a statement released by Motorola the same...
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