February 16, 2012
A New York bankruptcy judge on Wednesday confirmed bankrupt satellite communications company TerreStar Networks Inc.'s Chapter 11 plan that divvies up to unsecured creditors the remaining $31 million of the proceeds from a $1.4 billion sale to Dish Network Corp. (Correction: An earlier version of this story incorrectly stated that parent company TerreStar Corp.'s Chapter 11 plan had been confirmed.)