LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) Bankruptcy New Filing Alert: Objection To The Motion For Authority To Use Cash Collateral

On April 6, 2015, an objection to the motion for authority to use cash collateral was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.

The filing was assigned docket number 2297 and is described on the court’s official docket as follows:

Objection to Motion / Limited Objection of SP Special Opportunities, LLC to LightSquared’s Motion for Order (A) Authorizing Use of Cash Collateral, if any, Through Plan Effective Date, (B) Establishing that Prepetition Secured Parties are Adequately Protected, and (C) Modifying Automatic Stay (related document(s)[2286]) filed by Rachel C. Strickland on behalf of SP Special Opportunities, LLC. with hearing to be held on 4/7/2015 at 11:00 AM at Courtroom 623 (SCC) Objections due by 4/6/2015, (Strickland, Rachel)

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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