On February 26, 2015, an objection to the plan of reorganization was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.
The filing was assigned docket number 2131 and is described on the court’s official docket as follows:
Objection to Motion / Objection of Solus Alternative Asset Management LP to the Debtors’ Motion for Entry of Order Authorizing Payment of Alternative Transaction Fee in Connection with Proposed Plan of Reorganization (related document(s)) filed by Robert J. Stark on behalf of Solus Alternative Asset Management LP. with hearing to be held on 3/9/2015 at 10:00 AM at Courtroom 623 (SCC) (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.