Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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May 14, 2012

Chapter 11 Alert: LightSquared Inc.

  • Debtor Name:  LightSquared Inc.
  • Year Filed:  2012
  • Jurisdiction:  United States Bankruptcy Court / Southern District of New York
  • Asset Size:  Over 1 Billion, but less than 5 Billion
  • Case Number:  12-12080
  • Industry:  Telecommunications/Cable

The Debtors employ approximately 168 people in the US and Canada.  As of the end of February, the Debtors had assets of approximately $4.48 billion (book value).

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