November 14, 2014
Philip Falcone's hedge fund signaled Thursday that it won't abandon efforts to split up LightSquared Inc. and erase a competing lending group's $1.7 billion debt claim to salvage its ownership stake in the bankrupt wireless venture.
October 30, 2014
The New York bankruptcy judge handling LightSquared Inc.'s knotty Chapter 11 case held Thursday that Harbinger Capital Partners LLC, the debtor's top equity holder, cannot eliminate a guaranty on $1.7 billion in debt owed to a group of secured lenders.
October 27, 2014
Harbinger Capital Partners LLC can expect a decision later this week on its attempt to wipe out a $1.7 billion guaranty claim asserted by a group of secured lenders against the smaller half of LightSquared Inc., the judge handling the gnarled Chapter 11 case said Monday.
October 24, 2014
Philip Falcone's Harbinger Capital Partners LLC said Thursday that the judge presiding over LightSquared Inc.'s bankruptcy should not rule on a bid to halt litigation against the federal government and the global positioning industry over Harbinger's failed $1.9 billion investment in the wireless venture.
October 09, 2014
LightSquared Inc. urged a New York bankruptcy judge on Thursday to halt Harbinger Capital Partners LLC's litigation against the global positioning industry and the federal government, which Harbinger blames for losing a $1.9 billion investment in the wireless venture.
October 06, 2014
LightSquared Inc.'s secured bank lenders have jettisoned a Chapter 11 exit plan that would split the wireless venture in two and reorganize each estate separately, the group's attorney said on Monday, opting to pursue only a separate plan keeping the debtor unified.
September 12, 2014
Harbinger Capital Partners LLC and J.P. Morgan Securities LLC have teamed up to supply $460 million in new loans for the smaller half of bankrupt LightSquared Inc. under a challenger plan that could split the company wishbone-style in next month's confirmation trial.
August 28, 2014
LightSquared Inc. won approval Thursday from a New York bankruptcy court for $120.6 million in post-petition financing, the latest step in the wireless networking company's drawn-out attempt to reorganize its finances.
August 26, 2014
Lightsquared Inc. has asked a New York bankruptcy court to approve $120.6 million in post-petition financing during its drawn-out bankruptcy battle, according to documents filed Monday.
August 11, 2014
LightSquared Inc.'s rollercoaster Chapter 11 took another twist on Monday when controlling equity holder Harbinger Capital Partners LLC offered up a bankruptcy exit plan to split the wireless venture in two and reorganize each estate separately, a break from the debtors' plan to stay unified.