LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) Bankruptcy New Filing Alert: Application For Final Approval Of Professional Compensation

On January 21, 2016, an application for final approval of professional compensation was filed in the bankruptcy case of LightSquared Inc. (a/k/a SkyTerra Communications, Inc.) and its affiliates.

The filing was assigned docket number 2441 and is described on the court’s official docket as follows:

Application for Final Professional Compensation / Final Application of Milbank, Tweed, Hadley & McCloy LLP, Counsel to Debtors and Debtors In Possession, for Final Approval and Allowance of Compensation for Services Rendered and Reimbursement of Expenses During Period From May 14, 2012 Through and Including December 7, 2015 for Milbank, Tweed, Hadley & McCloy LLP, Debtor’s Attorney, period: 5/14/2012 to 12/7/2015, fee:$59695830.75, expenses: $2473921.64. filed by Milbank, Tweed, Hadley & McCloy LLP with hearing to be held on 3/1/2016 at 10:00 AM at Courtroom 623 (SCC) Responses due by 2/23/2016,. (Gartenberg, Karen)

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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