October 10, 2012
TerreStar Corp. and several subsidiaries are set to exit bankruptcy protection after a New York bankruptcy judge approved their Chapter 11 plan Wednesday, thanks largely to key settlements reached with Jefferies & Co., Sprint Communications Co. LP and Elektrobit Inc.
August 23, 2012
A New York bankruptcy judge approved a key settlement Thursday between TerreStar Corp. and its largest unsecured creditor, Elektrobit Inc., without which Elektrobit had vowed to fight confirmation of the debtor's Chapter 11 plan, the disclosure statement for which the judge also approved Thursday.
January 10, 2012
A New York bankruptcy judge signed off Tuesday on mobile communications service provider TerreStar Corp.'s disclosures about its Chapter 11 plan after several objections were either resolved or shelved.
November 18, 2011
Mobile phone service provider TerreStar Corp.'s shareholders asked a judge Wednesday to stop creditor Elektrobit Inc. from pursuing $27.9 million in claims against bankrupt subsidiary TerreStar Network, saying the engineering business made changes to a contract without the parent company's consent.
September 12, 2011
TerreStar Corp. shareholder Mohawk Capital LLC objected to the satellite communications company's disclosure statement Friday, saying it undervalued assets and that attorneys at Akin Gump Strauss Hauer & Feld LLP were too involved with an affiliate to objectively handle the proceedings.
September 06, 2011
Creditor Elektrobit Inc. objected to disclosures for TerreStar Corp.'s Chapter 11 plan in New York bankruptcy court on Friday, arguing that the parent of the satellite phone maker failed to explain the lopsided influence stockholders are exerting in the reorganization process.