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Lightsquared Inc news

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LightSquared Offers Restructuring Backers $200 Million Breakup Fee
Under the plan, Mr. Falcone's Harbinger would own 44.4% of LightSquared's equity, with Fortress getting 26.2% and Centerbridge 8.1%.
LightSquared Floats $200M Breakup Fee For Plan Proponents  Law360 (subscription)
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LightSquared bankruptcy exit plan earns court approval
Harbinger will retain 44 percent of LightSquared's equity, but cede voting control. Centerbridge and Fortress will own a combined 34 percent stake.
Ergen Makes Peace With LightSquared's Ch. 11 Exit  Law360 (subscription)
Judge Approves LightSquared's Restructuring Proposal  Wall Street Journal
LightSquared, Failed Wireless Venture, Files for Bankruptcy
May 15 (Bloomberg) -- LightSquared Inc. filed for bankruptcy, saying it will seek to resolve the concerns of U.S. regulators who thwarted the company's plan to deliver high-speed wireless to as many as 260 million people.
LightSquared bankruptcy seen imminent: sources  Reuters
LightSquared files for Chapter 11 bankruptcy protection  GlobalPost
Ergen Says LightSquared Plan Unfairly Favors Hedge Funds
LightSquared Inc.'s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp.
LightSquared Bankruptcy Plan Would Put Ergen in Control
3 (Bloomberg) -- LightSquared Inc.'s two-year-old bankruptcy case has become a tale of shifting fortunes in court for two billionaires competing for control of the wireless broadband company.
Ergen Deal Could Be LightSquared's Ticket Out Of Ch. 11  Law360 (subscription)
The Daily Docket: LightSquared Strikes Deal Giving Control to Ergen  Wall Street Journal (blog)
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LightSquared disclosure statement approved
Judge Shelley Chapman approved the disclosure statement to LightSquared Inc.'s reorganization plan during a Tuesday, Jan. 20 hearing.
Showdown Looms Over LightSquared Wireless Venture
A hedge fund with ties to satellite mogul Charlie Ergen is headed for a bankruptcy-court showdown with Wall Street financier Philip Falcone over the fate of his LightSquared Inc. wireless venture, opening up yet another front in the battle for ...
Report: Falcone could lose LightSquared to hedge fund affiliated with Dish ...  FierceWireless
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LightSquared in Step Toward Renewal as FCC Asks About Licenses
U.S. regulators asked for public input Monday on whether to assign licenses for airwaves held by LightSquared Inc. to the reorganized wireless company now emerging from bankruptcy.
Phil Falcone isn't giving up on LightSquared
Lawyers for the investor argued in Manhattan Bankruptcy Court on Monday that LightSquared LP is worth more than the $2.5 billion owed to creditors - and therefore Falcone, as majority owner of the equity in LightSquared Inc., its parent, is entitled ...
Harbinger Takes Aim At $1.7B LightSquared Debt Guaranty  Law360 (subscription)
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Globalstar: LightSquared Filing Reinforces Worthlessness Of GSAT's 1.6GHz ...
Globalstar (NYSEMKT:GSAT) shareholders, desperate for validation, have recently seized upon an unlikely source: the latest disclosure statement in the LightSquared bankrupty case. Like Globalstar, LightSquared sought to repurpose its satellite-based ...