Regulatory Issue Causes Bankruptcy Valuation to Falter

Business Valuation UpdateVol. 20 No. 10
Legal and Court Case Update
October 2014
4899 Communications Services, NEC
517410 Satellite Telecommunications
bankruptcy, reorganization, chapter 11, interference, creditor

In re: LightSquared Inc.
2014 Bankr. LEXIS 2984
July 11, 2014
Federal Court
New York
United States Bankruptcy Court
Mark Hootnick, Moelis (debtors); J. Soren Reynertson, GLC (dissenting class)


Court praises debtors’ expert valuation of wireless venture’s spectrum but says the determination improperly assumes FCC license approval where the agency’s decision is uncertain; lacking reliable asset value, court rejects reorganization plan.

See Also

In re: LightSquared Inc.