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

On February 25, 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 2109 and is described on the court’s official docket as follows:

Application for Interim Professional Compensation / Eight Application of Milbank, Tweed, Hadley & McCloy LLP, Counsel to Debtors and Debtors in Possession, for Interim Approval and Allowance of Compensation for Services Rendered and Reimbursement of Expenses During Period from September 1, 2014 Through and Including December 1, 2014 for Milbank, Tweed, Hadley & McCloy LLP, Debtor’s Attorney, period: 9/1/2014 to 12/31/2014, fee:$3,810,946.00, expenses: $88,889.06. filed by Milbank, Tweed, Hadley & McCloy LLP with hearing to be held on 3/25/2015 at 10:00 AM at Courtroom 623 (SCC) Responses due by 3/18/2015,. (Barr, Matthew)

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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