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