LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) Bankruptcy New Filing Alert: Order Regarding The Plan Of Reorganization

On March 30, 2015, an order regarding 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 2283 and is described on the court’s official docket as follows:

Order of U.S. District Court Judge Analisa Torres signed on 3/18/2015 re: [2188]. The Court having been advised that Appellant intends to withdraw its motion for a stay of the bankruptcy confirmation proceedings, its notice of appeal, and its motion for leave to appeal, it is ORDERED that the above-captioned action be and is hereby dismissed and discontinued without costs and without prejudice to the right to reopen the action within thirty (30) days. Any pending motions are moot. All conferences are vacated. The Clerk of Court is directed to close the case. (tro)

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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