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Lightsquared Inc news

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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.
Falcone-backed LightSquared wins court approval to exit bankruptcy
Ergen Makes Peace With LightSquared's Ch. 11 Exit  Law360 (subscription)
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 Pulls the Plug  Wall Street Journal
LightSquared files for Chapter 11 bankruptcy protection  GlobalPost
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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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.
Judge Sends LightSquared Bankruptcy Plan for Creditor Vote
The rest of the equity would go to current investors in a smaller piece of the company, called LightSquared Inc. While Harbinger would be the largest shareholder of the new LightSquared, a wireless venture that Mr. Falcone has hoped could someday ...
Solus Bids to Buy $500 Million of Ergen LightSquared Loan
(Bloomberg) -- LightSquared Inc. got an offer from hedge fund Solus Alternative Asset Management LP to buy $500 million of a loan held by Dish Network Corp.
Solus Springs $589M Equity Play In LightSquared Trial  Law360 (subscription)
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 ...
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Bankruptcy: Solus Joins LightSquared Derby With New 11th-Hour Proposal
“Under the Solus plan, all classes of creditors and equity security holders of the [LightSquared] Inc. debtors and [LightSquared] LP debtors would receive the same or better treatment, and the debtors would receive significantly more cash, than is ...
Falcone files for 'divorce' from LightSquared
On Monday, Falcone filed “divorce papers” from LightSquared, his bankrupt wireless venture, in the form of a proposed plan of reorganization to lead the restructuring for LightSquared Inc., the smaller arm of the failed Reston, Va., startup ...
Falcone's Harbinger Capital Files New LightSquared Plan  Bloomberg
LightSquared plans head toward confirmation hearing  The Deal Pipeline
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JPMorgan Asks FCC To Back LightSquared Bid Despite Felony
Law360, Washington (July 2, 2015, 8:24 PM ET) -- JPMorgan Chase & Co. urged the Federal Communications Commission in a filing made public Thursday not to block its bid to take an equity interest in LightSquared Inc. following a recent antitrust ...