March 26, 2014
Dish Network Corp. Chairman Charlie Ergen on Wednesday battled questions from lawyers for LightSquared Inc. lenders surrounding his and Dish's valuations of the company when they considered buying its wireless spectrum assets for $2.2 billion, maintaining that LightSquared's plan to exit bankruptcy treats him unfairly.
March 24, 2014
LightSquared Inc. on Friday urged a bankruptcy judge to find in its favor in a dispute surrounding Dish Network Corp. chairman Charlie Ergen's purchase of $1 billion of the private equity-backed company's debt, as punishment for Ergen's counsel allegedly withholding key documents during a trial last month.
March 19, 2014
An independent director of LightSquared Inc. charged with overseeing the company's efforts to exit bankruptcy said Wednesday that the proposed reorganization plan was not designed to "punish" Dish Network Corp. Chairman Charlie Ergen, who holds about $1 billion of the LightSquared's debt.
March 17, 2014
Lawyers for LightSquared Inc. told a bankruptcy judge on Monday that Dish Network Corp. chairman Charlie Ergen's personal investment history makes clear that his purchase of LightSquared debt was done for the benefit of Dish — not himself — in violation of a credit agreement.
March 12, 2014
LightSquared Inc. on Tuesday asked a New York bankruptcy court to throw out a certain regulatory requirement that must be met in order for four of its top executives to receive bonuses upon the telecommunications company's emergence from bankruptcy.
March 04, 2014
LightSquared Inc. on Monday asked a judge to disqualify a vote against the telecommunication company's proposed bankruptcy exit plan, saying it is the latest in a series of alleged efforts to let Dish Network Corp. acquire the company's assets at a steep discount.
February 28, 2014
LightSquared Inc.'s perpetually tense bankruptcy process continued Friday as a judge told lawyers to work out a solution in a fight between a group of secured lenders and Dish Network Corp. Chairman Charles Ergen over the production of documents related to his purchase of LightSquared debt.
February 27, 2014
LightSquared Inc.'s secured lenders on Thursday took steps to force Dish Network Corp., its chairman Charles Ergen and an Ergen-owned investment vehicle to cough up documents surrounding an alleged "bait and switch scheme" related to a $2.2 billion offer for the bankrupt LightSquared's assets.
February 11, 2014
LightSquared Inc. attorneys said Tuesday that by the end of the week they hope to file a new plan to exit bankruptcy that could satisfy secured lenders, but were met with skepticism by the judge overseeing the case.
February 04, 2014
LightSquared Inc. on Tuesday received a judge's approval of a $33 million loan backed by hedge funds, including one controlled by Dish Network Corp. Chairman Charles Ergen, allowing LightSquared to operate for the next few months as it continues to seek a way out of bankruptcy.