Judge will let LightSquared creditors vote on 4 plans

10/10/2013 | Bloomberg

LightSquared's creditors will get to decide from among four proposed breakup plans once their disclosure statements are formally submitted, a U.S. Bankruptcy Court judge ruled Wednesday. The plans, which will voted on by Dec. 5, include a $2.2 billion reserve bid from a group linked to DISH Network as well as proposals from LightSquared, Harbinger Capital Fund and a group of lenders. "All parties have consensually agreed to resolve their formal and informal objections to each others' disclosure statements," said LightSquared attorney Matthew Barr.

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