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

On February 24, 2015, 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 2100 and is described on the court’s official docket as follows:

Eighth Application for Interim Professional Compensation / Eighth Interim Application of Moelis & Company LLC for Compensation for Services Rendered and Reimbursement of Expenses Incurred as Financial Advisor for Debtors and Debtors in Possession During the Period from September 1, 2014 Through December 31, 2014 for Moelis & Company LLC, Other Professional, period: 9/1/2014 to 12/31/2014, fee:$600,000.00, expenses: $82,042.00. filed by Moelis & Company LLC. (Gartenberg, Karen)

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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