On February 25, 2015, an objection to the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.
The filing was assigned docket number 2124 and is described on the court’s official docket as follows:
Objection of SP Special Opportunities, LLC to LightSquared’s Motion for Entry of Order Authorizing LightSquared to Modify and Extend Existing Key Employee Incentive Plan (related document(s)) filed by James C. Dugan on behalf of SP Special Opportunities, LLC. with hearing to be held on 3/9/2015 at 10:00 AM at Courtroom 623 (SCC) (Dugan, James)
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.