August 08, 2014
A New York bankruptcy judge on Friday signed off on nearly $19 million in fees for professionals working on the LightSquared Inc. bankruptcy, with debtors' counsel Milbank Tweed Hadley & McCloy LLP leading the way with $13.6 million.
August 07, 2014
LightSquared Inc. on Thursday filed a revamped Chapter 11 exit plan that proposes an equity auction for the reorganized company and heralds a possible resolution with Dish Network Corp. Chairman and longtime opponent Charlie Ergen.
July 01, 2014
LightSquared Inc. on Tuesday announced a new bankruptcy exit plan backed largely by JPMorgan Chase Bank NA, Fortress Investment Group LLC and Cerberus Capital Management LP that would pay creditor and frequent opponent Charlie Ergen, the chairman of Dish Network Corp., $470 million in cash.
June 27, 2014
LightSquared Inc. has agreed to the key terms of a deal that could be its ticket out of bankruptcy despite the refusal of Dish Chairman Charlie Ergen, a major creditor, to negotiate in good faith, a mediator said Friday.
May 27, 2014
LightSquared Inc. is entering mediation with Dish Network Chairman Charlie Ergen, who holds much of its debt, to come up with a deal that would allow the company to exit bankruptcy after the adversaries failed to reach a resolution on their own, attorneys said Tuesday.
May 08, 2014
The judge overseeing LightSquared Inc.'s Chapter 11 case on Thursday rejected the company's bid to exit bankruptcy due to the uncertainty surrounding crucial federal regulatory approvals and its treatment of Dish Network Corp. Chairman Charlie Ergen's $1 billion of secured debt.
May 05, 2014
LightSquared Inc. attorneys on Monday urged a judge to approve its proposed reorganization plan that pays off Dish Network Corp. Chairman Charlie Ergen's debt after all other creditors, while lawyers for Ergen insisted that the company is unfairly discriminating against him.
April 07, 2014
Dish Network Corp. Chairman Charlie Ergen on Friday sought permission to sue LightSquared Inc. majority shareholder Philip Falcone, claiming the rival billionaire is destroying the bankrupt company's chances at revitalization.
April 03, 2014
Dish Network Corp. Chairman Charlie Ergen on Thursday urged a bankruptcy judge to force LightSquared Inc. to hand over unredacted documents explaining the finances of its business partnership with satellite provider ViaSat Inc., saying LightSquared attorneys had repeatedly refused to cooperate.
March 31, 2014
The man behind LightSquared Inc.'s majority shareholder, Harbinger Capital Partners LLC, said Monday that he still firmly believes the bankrupt company will receive federal regulatory approval to use certain wireless spectrum and subsequently boost its value for shareholders.