LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On June 26, 2014, an application for interim approval of professional compensation was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.

The filing was assigned docket number 1607 and is described on the court’s official docket as follows:

Sixth Application for Interim Professional Compensation Sixth Interim Application of Kirkland & Ellis LLP, as Special Litigation Counsel to the Debtors and Debtors in Possession for the Period from January 1, 2014 Through April 30, 2014 for Kirkland & Ellis LLP, Special Counsel, period: 1/1/2014 to 4/30/2014, fee:$282,525.00, expenses: $13,257.92. filed by Kirkland & Ellis LLP with hearing to be held on 7/21/2014 at 10:00 AM at Courtroom 623 (SCC) Responses due by 7/14/2014,. (Marcus, Christopher)

LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 14, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 12-12080. The bankruptcy case is currently assigned to United States Bankruptcy Judge Shelley Chapman. The law firm of Milbank, Tweed, Hadley & McCloy LLP is acting as lead bankruptcy counsel to LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) in the bankruptcy case.

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