LIGHTSQUARED INC. Bankruptcy Filing

Case Number: 12-12080

LIGHTSQUARED INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on May 14, 2012. This is a voluntary filing; it was assigned the bankruptcy case number #12-12080.

LIGHTSQUARED INC. Filing Information

The bankruptcy petition for LIGHTSQUARED INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. LIGHTSQUARED INC. reports that the number of creditors is in the range of 1-49.

The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

LIGHTSQUARED INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.

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LIGHTSQUARED INC. Docket Header

Lead, MEGA, CLMAGT, FeeDueAP, PENAP, CLOSED, SchedF, LV2APPEAL, WDREF, Mediation




U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 12-12080-scc

Assigned to: Judge Shelley C. Chapman
Chapter 11
Voluntary
Asset



Debtor disposition:  Discharge Not Applicable
Date filed:  05/14/2012
Date terminated:  04/18/2016
Plan confirmed:  03/27/2015

Debtor
LightSquared Inc.
450 Park Avenue
Suite 2201
New York, NY 10022
NEW YORK-NY
Tax ID / EIN: 23-2368845
aka SkyTerra Communications, Inc.

rep. by Matthew Scott Barr
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
212 310 8000
Fax : 212 310 8007
Email:
 Matt.Barr @ weil.com

Paul M. Basta
Kirkland & Ellis, LLP
601 Lexington Avenue
New York, NY 10022
(212) 446-4800
Fax : (212) 446-4900
Email:
 pbasta @ kirkland.com

Mitchell S. Bigel
Myers Bigel Sibley & Sajovec, P.A.
4140 Parklane Avenue, Suite 600
Raleigh, NC 27612
(919) 854-1400
Fax : (919) 854-1401
Email:
 mbigel @ myersbigel.com
TERMINATED: 07/25/2012

Karen Gartenberg
Milbank, Tweed, Hadley & McCloy LLP
28 Liberty Street
New York, NY 10005
(212) 530-5000
Fax : (212) 530-5219
Email:
 kgartenberg @ milbank.com

Christopher Marcus
Kirkland & Ellis LLP
601 Lexington Avenue
New York, NY 10022
(212) 446-4800
Fax : (212) 446-4900
Email:
 cmarcus @ kirkland.com

Patrick J. Potter
Pillsbury Winthrop Shaw Pittman LLP
1200 Seventeenth Street NW
Washington, DC 20036
(202) 663-8928
Fax : (202) 663-8007
Email:
 patrick.potter @ pillsburylaw.com

Mitchell A. Seider
885 Third Avenue
New York, NY 10022
(212) 906-1200
Fax : (212) 751-4864
Email:
 mitchell.seider @ lw.com

Alan Stone
Milbank Tweed Hadley & McCloy LLP
1 Chase Manhattan Plaza
New York, NY 10005
(212) 530-5000
Fax : (212) 530-5219
Email:
 astone @ milbank.com

Debtor
Reorganized Debtors
NEW YORK-NY

rep. by Karen Gartenberg
(See above for address)

U.S. Trustee
United States Trustee
Office of the United States Trustee
U.S. Federal Office Building
201 Varick Street, Room 1006
New York, NY 10014
(212) 510-0500

rep. by Susan D. Golden
Office of United States Trustee SDNY
33 Whitehall Street
New York, NY 10004
(212) 510-0500
Fax : (212) 668-2255
Email:
 susan.golden @ usdoj.gov

Claims and Noticing Agent
Kurtzman Carson Consultants LLC, Claims Agent
Attn: James Le
2335 Alaska Avenue
El Segundo, CA 90245
www.kccllc.com
310-823-9000
   

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