By Billy Cheung NEW YORK (Reuters) – LightSquared hopes to submit a consensual restructuring plan by Friday, although the judge overseeing the wireless venture’s bankruptcy isn’t convinced that will happen. In a court hearing on Tuesday, a lawyer for the company said it aims to file a reorganization plan that has the support of its […]
By Billy Cheung NEW YORK (Reuters) – LightSquared hopes to submit a consensual restructuring plan by Friday, although the judge overseeing the wireless venture’s bankruptcy isn’t convinced that will happen. In a court hearing on Tuesday, a lawyer for the company said it aims to file a reorganization plan that has the support of its […]
(Reuters) – U.S. wireless communications company LightSquared proposed exiting bankruptcy with financing from $2.75 billion in fresh loans and an equity investment of at least $1.25 billion, according to court documents. The plan is backed by Fortress Investment Group, Melody Capital Advisors, JPMorgan Chase & Co and Harbinger Capital Partners, according to papers filed in […]
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