December 17, 2013
LightSquared Inc. will not proceed with a sale to private equity fund Centerbridge Partners LP but could have another alternative to exit bankruptcy on the table soon, a lawyer representing the committee overseeing LightSquared's operations said Tuesday.
December 05, 2013
LightSquared Inc. on Wednesday urged a New York federal judge not to toss its adversary suit claiming Dish Network Corp. and its chairman, Charlie Ergen, illegally bought more than $1 billion in bankrupt LightSquared's debt, arguing it has provided ample evidence Ergen wasn't acting for his benefit alone.
November 26, 2013
Dish Corp. is once against trying to dodge claims that its chairman improperly bought up the secured debt of LightSquared Inc. in an effort to snag the bankrupt company's wireless spectrum assets, urging a judge Tuesday to dismiss the allegations.
November 22, 2013
The U.S. trustee for LightSquared Inc.'s Chapter 11 proceedings said in New York bankruptcy court on Friday that none of the four proposed plans to pull the company from under water may be feasible.
November 18, 2013
LightSquared Inc. took aim at Dish Network Corp. and its chairman Charlie Ergen in New York bankruptcy court Friday, alleging breach of contract and that the billionaire has used his various investment vehicles to scam his way into taking over the failed wireless startup once it exits Chapter 11.
November 01, 2013
LightSquared Inc. hit Garmin International Inc. and other GPS companies with a lawsuit in New York bankruptcy court Friday, claiming breach of contract and the withholding of crucial spectrum-usage information, which cost LightSquared billions of dollars and ultimately drove it to bankruptcy.
October 29, 2013
Harbinger Capital Partners LLC may not pursue claims that Dish Network Corp. manipulated its way into a position to take over Harbinger's LightSquared Inc. but LightSquared itself may proceed with potential claims against Dish's chairman, Charlie Ergen, a judge ruled Tuesday.
October 09, 2013
LightSquared Inc., a group of secured lenders, a potential buyer of certain assets and LightSquared's owner Harbinger Capital Partners LLC will all move ahead with their respective proposals to either sell or reorganize the wireless startup following a hearing in bankruptcy court Wednesday.
October 07, 2013
LightSquared Inc. on Friday urged a New York federal judge to reject three of four competing disclosure statements in its Chapter 11 proceedings, arguing that the plans lack critical information and contain misstatements.
October 03, 2013
Bankrupt LightSquared Inc. sought Monday to delay its owner Harbinger Capital Partners LLC's $1.9 billion suit alleging Deere & Co. and GPS makers withheld crucial information on spectrum usage in order to give it time to consider if it should intervene in the action.