LightSquared, the Battle among Hedge Funds
Sept. 5 (Bloomberg) -- The hedge funds battling for control of LightSquared Inc., the developer of a satellite-based wireless communications system, is the first item on the bankruptcy video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The video continues with discussion of an appeal from the sale of LifeCare Holdings Inc. that could result in a ruling barring unsecured creditors from any recovery in many Chapter 11s. Longview Power LLC, the owner of a 700 megawatt coal-fired power plant, broke a string of weeks without a large Chapter 11 filing. The video closes by discussing an important case from the U.S. Court of Appeals in San Francisco dealing with individuals in Chapter 13.
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