A judge in the U.S. Bankruptcy Court in Manhattan...
A judge in the U.S. Bankruptcy Court in Manhattan dismissed Harbinger Capital Partners’ adversary complaint against the Charlie Ergen-backed Sound Point Capital Management and its founder Stephen Ketchum. The Sound Point defendants filed a motion this week to have the…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
complaint dismissed. Harbinger, the largest investor for LightSquared, filed the lawsuit against Ergen, Dish Network chairman, alleging a fraudulent scheme to become LightSquared’s biggest lender (CD Aug 26 p11). LightSquared intervened as a plaintiff against Sound Point. The lawsuit was filed within LightSquared’s bankruptcy case. LightSquared plans to sell its assets if the FCC doesn’t approve its pending license modification applications (CD Sept 4 p14). A Sept. 24 hearing is set to approve auction and sale procedures, and a Sept. 30 hearing is planned to approve disclosure materials allowing creditors to begin voting on competing plans, according to Kurtzman Carson, its restructuring consultants (http://bit.ly/JR4fDM).