January 31, 2014
LightSquared Inc.'s tumultuous and unpredictable bankruptcy looks poised to take another turn as attorneys announced during a court appearance Friday that there may be yet another exit plan for the telecommunications company in the works.
January 24, 2014
Dish Network Corp. Chairman Charlie Ergen's investment vehicle, which purchased a large chunk of LightSquared Inc.'s debt, objected late Thursday to the company's request for a $33 million bankruptcy loan from a group of hedge funds, arguing that its competing proposal is "unquestionably superior."
January 22, 2014
A New York bankruptcy judge said Wednesday that a Dish Network Corp. unit properly withdrew its $2.2 billion offer to buy LightSquared Inc. spectrum assets despite arguments from secured lenders that the bid was irrevocable.
January 17, 2014
The Dish Network Corp. unit that recently withdrew its $2.2 billion bid for certain LightSquared Inc. spectrum assets pushed back Thursday against secured lenders who are claiming that Dish is contractually obligated to move ahead with the bid.
January 16, 2014
Hedge fund billionaire Philip Falcone said during a court appearance Thursday that he never knew for sure that Dish Network Corp. chairman Charlie Ergen was behind large purchases of LightSquared Inc. debt that allowed Ergen to obtain a powerful position in LightSquared's bankruptcy.
January 13, 2014
Dish Network Corp.'s billionaire chairman Charlie Ergen on Monday reiterated arguments that he purchased a controlling share of the bankrupt LightSquared Inc.'s secured debt for his own benefit, not for the purpose of providing Dish an advantage in its bid to buy LightSquared spectrum assets.
January 10, 2014
Dish Network Corp.'s treasurer on Friday testified in New York bankruptcy court that Chairman Charlie Ergen's purchase of a LightSquared Inc. subsidiary's secured debt was for his personal use and that he never took any improper action on behalf of Dish.
January 09, 2014
Dish Network Corp. officially dropped its bid to buy up LightSquared Inc.'s valuable wireless spectrum assets Thursday as attorneys kicked off their trial over Dish chairman Charlie Ergen's allegedly improper purchase of a controlling share of a LightSquared unit's secured debt.
January 07, 2014
A Dish Network Corp. subsidiary's offer to purchase LightSquared Inc. assets for $2.2 billion is on the rocks just days before a bankruptcy court was set to hear arguments for and against the acquisition, attorneys said during a Tuesday court hearing.
January 02, 2014
LightSquared Inc. and Harbinger Capital Partners LP on Thursday launched an attack against a Chapter 11 plan proposed by a group of lenders, saying it is merely a tactic for Dish Network Corp. chairman Charlie Ergen to get his hands on the bankrupt telecommunications company's spectrum assets.