Lightsquared

Voices

LightSquared Files Bankruptcy-Exit Plan Backed by Fortress, Melody

Patrick Fitzgerald, Reporter, The Wall Street Journal in Mobile on December 26, 2013 at 11:09 am PT

Wireless venture LightSquared Inc. is seeking to exit bankruptcy protection with backing from private-equity firm Fortress Investment Group LLC and Melody Capital Advisors LLC.

Voices

Centerbridge Won’t Proceed With Deal to Buy LightSquared

Joseph Checkler, Reporter, The Wall Street Journal in Mobile on December 17, 2013 at 10:45 am PT

LightSquared Inc. said Tuesday that Centerbridge Partners LP has backed out of a tentative deal to buy the company out of bankruptcy, although the wireless venture is pursuing a transaction under similar “architecture” with existing stakeholders.

Voices

Centerbridge Reaches Tentative Deal for LightSquared Takeover

Mike Spector and Emily Glazer, Reporters, The Wall Street Journal in Mobile on December 11, 2013 at 1:58 pm PT

Private-equity firm Centerbridge Partners LP reached a tentative deal to buy LightSquared Inc. out of bankruptcy proceedings, said people familiar with the matter, potentially upstaging a bid by Dish Network Corp. to take over the wireless telecommunications firm.

Voices

LightSquared Sues Ergen, Dish Over Debt Purchases

Joseph Checkler, Reporter, The Wall Street Journal in Voices on November 16, 2013 at 5:49 pm PT

LightSquared on Friday sued Dish Network Corp. and Chairman Charlie Ergen, saying Mr. Ergen illegally purchased LightSquared debt before Dish bid on the company’s assets.

Voices

Harbinger Capital Sues Dish’s Ergen Over Move on LightSquared Debt

Patrick Fitzgerald, Reporter, The Wall Street Journal in Mobile on August 6, 2013 at 1:42 pm PT

Phil Falcone’s Harbinger Capital Partners sued Dish Network Corp. Chairman Charlie Ergen for fraud, accusing him of secretly acquiring the debt of LightSquared Inc., in order to take control of the telecommunications firm and its wireless spectrum worth billions of dollars.

Voices

Ergen Bids $2 Billion for LightSquared Spectrum

Mike Spector and Anton Troianovski, Reporters, The Wall Street Journal in News on May 20, 2013 at 3:45 pm PT

Satellite mogul Charlie Ergen bid $2 billion for certain spectrum from LightSquared Inc., the wireless venture spearheaded by financier Philip Falcone that is currently navigating bankruptcy proceedings, said people familiar with the offer.

Voices

Showdown Looms Over LightSquared Wireless Venture

Emily Glazer and Mike Spector, Reporters, The Wall Street Journal in Mobile on April 4, 2013 at 2:45 pm PT

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 ownership of the airwaves needed to launch future mobile networks.

Voices

LightSquared Files for Chapter 11 Bankruptcy

Jacqueline Palank, Reporter, The Wall Street Journal in Mobile on May 14, 2012 at 11:45 am PT

LightSquared Inc. filed for Chapter 11 bankruptcy protection Monday, hours ahead of the expiration of a deal to keep hedge-fund manager Philip Falcone’s venture from defaulting on its debt.

Voices

LiqhtSquared Moves Toward Bankruptcy

Mike Spector and Greg Bensinger, Reporters, The Wall Street Journal in Mobile on May 13, 2012 at 12:30 pm PT

Hedge-fund manager Philip Falcone’s LightSquared Inc. venture is preparing for a potential bankruptcy-protection filing, as negotiations with lenders to avoid a potential default faltered, according to people familiar with the matter.

Falcone Agrees to Step Aside

Mike Spector and Greg Bensinger in News on April 30, 2012 at 3:06 am PT

Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, a concession that may keep the wireless-telecommunications company from defaulting on its debt, people familiar with the negotiations said.