Limitless Reaches Deal With USDA Over Secured Grant Claims

Law360, Wilmington (November 9, 2017, 5:54 PM EST) -- Bankrupt mobile broadband provider Limitless Mobile LLC reached a deal Thursday with its unsecured creditors and the U.S. Department of Agriculture over the status of secured claims lodged by the government on account of grants and loans made to Limitless to build out its wireless network in Pennsylvania.

During a teleconference in Wilmington, Limitless Mobile attorney Lawrence G. McMichael of Dilworth Paxson LLP told the Delaware Bankruptcy Court that the dispute over an asserted $34 million secured claim from the Rural Utilities Service of the USDA had gone through two mediation sessions with the committee and the RUS that resulted in...

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