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

On November 24, 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 1939 and is described on the court’s official docket as follows:

Monthly Fee Statement /Fee Statement of Kirkland & Ellis LLP for Compensation for Services and Reimbursement of Expenses as Counsel to the Special Committee of the Boards of Directors of LightSquared Inc. and LightSquared GP Inc. for the Period from October 1, 2014 through October 31, 2014 (related document(s)[122]) Filed by Paul M. Basta on behalf of Kirkland & Ellis LLP. (Basta, Paul)

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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