September 18, 2014
A Delaware bankruptcy judge has ended a suit by a managing director of a WorldSpace unit, saying Wednesday that the man's specific subsidiary was not a debtor entity and so he doesn't have standing to sue for back wages.
May 17, 2012
Satellite radio provider WorldSpace Inc. asked a Delaware bankruptcy court Wednesday to convert its Chapter 11 proceedings to Chapter 7, noting that it sold off its assets to Yazmi USA LLC in 2010, had limited cash and was incurring administrative expenses.