NEW YORK (Reuters) - Bankrupt wireless venture LightSquared and its largest creditor, Dish Network Corp Chairman Charles Ergen , have resolved a long-running dispute over Ergen’s treatment under LightSquared’s proposed restructuring.
NEW YORK, July 14 (REUTERS) - After months of trying to push Dish Chairman Charles Ergen out of its capital structure, bankrupt wireless venture LightSquared on Monday proposed a turnaround plan that would make Ergen its primary lender after bankruptcy.
Dish $470M in cash + a $492M unsecured note for its debt, with the sum recoverable from the note subject to a trial. Charlie Ergen wasn't a fan of the proposal. The settlement arrives less than a week after Harbinger Capital filed suit against Dish
NEW YORK, July 14 (Reuters) - Bankrupt wireless venture LightSquared and its largest creditor, Dish Network Corp Chairman Charles Ergen , have resolved a long-running dispute over Ergen's treatment...
Harbinger Capital sues Dish Network ( DISH +1% ) and Charlie Ergen in Colorado for $1.5B in damages related to the loss of control of the hedge fund in LightSquared. The lawsuit wasn't wholly
(Reuters) - Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen , for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared.
July 9 (Reuters) - Harbinger Capital Partners has sued Dish Network Corp and its Chairman Charles Ergen , seeking at least $1.5 billion for allegedly trying to strip the hedge fund of its control of bankrupt wireless company LightSquared.
jump 20% on optimism heading into the FCC wireless spectrum auction in November. A bet on Dish is a bet on CEO Charlie Ergen who is a big proponent of the spectrum strategy. Ergen also holds a 51% stake in the company. Post your comment
June 27 (Reuters) - LightSquared has reached a mediated deal to bring the wireless communications company out of its Chapter 11 bankruptcy, according to report from the mediator who lashed out at Charles Ergen , a large creditor and satellite TV mogul.
June 27 (Reuters) - LightSquared LP : * Reaches restructuring supported by all creditors except charles ergen 's