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 2135 and is described on the court’s official docket as follows:
Motion to Shorten Time for Notice of Hearing to Consider the Emergency Motion by Solus Alternative Asset Management LP for an Order, Pursuant to Bankruptcy Code Sections 105 and 1125, Bankruptcy Rules 3016, 3017, and 3018, and Local Rule 2017-1: (1) Approving Proposed Specific Disclosure Statement and Solicitation Forms; (2) Setting Solicitation Procedures; (3) Setting Deadlines in Connection with Confirmation of the Solus Plan of Reorganization; and (4) Adjourning Confirmation Hearing Respecting the Debtors/Investors Plan (related document(s)) filed by Robert J. Stark on behalf of Solus Alternative Asset Management LP. (Attachments: # (1) Exhibit A_ Proposed Order) (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.