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Posts Tagged ‘LightSquared’

By Nick Brown and Billy Cheung NEW YORK (Reuters) – Dish Network Corp Chairman Charles Ergen, the largest creditor of bankrupt wireless company LightSquared, said on Wednesday he believed LightSquared could be worth as much as $8.9 billion if it gained regulatory approval of its planned wireless network. Testifying in U.S. Bankruptcy Court in New […]

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By Nick Brown NEW YORK (Reuters) – Broadband company LightSquared on Monday urged a judge to find that its largest creditor, Dish Network Corp Chairman Charles Ergen, acquired his debt holding improperly. U.S. Bankruptcy Judge Shelley Chapman was hearing closing arguments in a trial over whether Ergen concealed his identity to acquire his controlling stake […]

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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 […]

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