On February 26, 2015, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.
The filing was assigned docket number 2128 and is described on the court’s official docket as follows:
Disclosure Statement / Specific Disclosure Statement for the Plan of Solus Alternative Asset Management LP Pursuant to Chapter 11 of Bankruptcy Code filed by Robert J. Stark on behalf of Solus Alternative Asset Management LP. (Stark, Robert)
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.