September 30, 2013
LightSquared Inc. on Monday settled its dispute with lenders and a Dish Network Corp. Chairman Charlie Ergen-owned vehicle over auction procedures for a LightSquared subsidiary's assets with the hope that a buyer will be finalized by the end of the year.
September 24, 2013
LightSquared Inc., its secured lenders and a Dish Network Corp. Chairman Charlie Ergen-controlled potential buyer of the bankrupt wireless company's assets agreed Tuesday to continue negotiating on bidding procedures and replace an allegedly conflicted member of an independent sale committee.
September 23, 2013
Secured lenders of LightSquared Inc. on Monday objected to the bankrupt wireless startup's selection of an independent director to run an auction of some of its assets, saying she's conflicted because of a history with Dish Network Corp., whose chairman owns a prospective buyer.
September 18, 2013
LightSquared Inc. lenders on Wednesday objected to the bankrupt wireless startup's proposed procedures for its upcoming auction of a subsidiary's assets, arguing the plan by the Philip Falcone-controlled company may doom a $2.2 billion bid from an entity owned by Dish Network Corp. Chairman Charlie Ergen.
September 10, 2013
Dish Network LLC's billionaire chairman Charlie Ergen on Monday fired back at the $4 billion lawsuit brought by Philip Falcone's Harbinger Capital Partners LLC, saying the complaint is a transparent ploy to keep him from acquiring $2 billion in assets of Harbinger's bankrupt startup LightSquared Inc.
August 29, 2013
A financial adviser to lenders of LightSquared Inc. on Thursday said the bankrupt wireless startup should not be permitted to run its own auction, saying the Philip Falcone-controlled company is conflicted because of Falcone's desire to keep the company under his control.
August 06, 2013
Dish Network LLC and billionaire chairman Charlie Ergen fraudulently schemed to prevent Harbinger Capital Partners LLC from maintaining control of bankrupt wireless startup LightSquared Inc., the company said in a $4 billion complaint filed Tuesday in a New York bankruptcy court.
July 23, 2013
A bankruptcy judge on Tuesday scolded attorneys for LightSquared Inc., a group of lenders and entities owned by Dish Network Corp. chairman Charlie Ergen over their disconnected efforts to craft a deal to pull LightSquared out of bankruptcy, telling them they need to continue negotiations.
July 22, 2013
LightSquared Inc. on Friday asked a New York bankruptcy judge to approve a timeline for the remainder of its bankruptcy, acknowledging that it will likely receive competing reorganization plans now that it has lost control of its bankruptcy.
June 19, 2013
LightSquared Inc. lenders on Tuesday urged a New York bankruptcy judge to force the company to comply with a recent settlement and said the company hasn't met with a company owned by Dish Network Corp. Chairman Charlie Ergen that has offered $2 billion for certain assets.