IN RE LIGHTSQUARED INC.

Case No. 12-12080 (SCC) Jointly Administered, Adv. Pro. No. 13-1390 (SCC).

504 B.R. 321 (2013)

IN RE LIGHTSQUARED INC., et al., Debtors. Harbinger Capital Partners LLC, HGW US Holding Company LP, Blue Line DZM Corp., and Harbinger Capital Partners SP, Inc., Plaintiffs, v. Charles W. Ergen, Echostar Corporation, Dish Network Corporation, L-Band Acquisition LLC, SP Special Opportunities LLC, SP Special Opportunities Holdings LLC, Sound Point Capital Management LP, and Stephen Ketchum, Defendants. The Ad Hoc Secured Group of LightSquared LP Lenders, LightSquared Inc., et al., Mast Capital Management, LLC, and U.S. Bank National Association, Intervenors.

United States Bankruptcy Court, S.D. New York.

Filed November 21, 2013.


Attorney(s) appearing for the Case

Kasowitz, Benson, Torres & Friedman LLP, 1633 Broadway, New York, NY 10019, By: David M. Friedman, Esq., Jed I. Bergman, Esq., Attorneys for Plaintiffs Harbinger Capital Partners LLC, HGW U.S. Holding Company LP, Blue Line DZM Corp., and Harbinger Capital Partners SP, Inc.

Willkie Farr & Gallagher LLP, 787 Seventh Avenue, New York, NY 10019, By: Rachel C. Strickland, Esq., James C. Dugan, Esq., Attorneys for Defendants Charles W. Ergen, SP Special Opportunities, LLC, and Special Opportunities Holdings LLC.

Sullivan & Cromwell LLP, 125 Broad Street, New York, NY 10004, By: Robert J. Giuffra, Jr., Esq., Brian T. Frawley, Esq., Brian D. Glueckstein, Esq., Attorneys for Defendants DISH Network Corporation, EchoStar Corporation and Band Acquisition, LLC.

O'Melveny & Myers LLP, 7 Times Square, New York, NY 10036, By: Charles E. Bachman, Esq., Peter M. Friedman, Esq., Alexander Elliot Slater, Esq., Attorneys for Defendants Sound Point Capital Management, L.P. and Stephen Ketchum.

Milbank, Tweed, Hadley & McCloy LLP, 1 Chase Manhattan Plaza, New York, NY 10005, By: Matthew S. Barr, Esq., Alan J. Stone, Esq., Karen Gartenberg, Esq., Attorneys for Intervenor Debtors.

Akin, Gump, Strauss, Hauer & Feld LLP, One Bryant Park, New York, NY 10036, By: Philip C. Dublin, Esq., Michael S. Stamer, Esq., Attorneys for Intervenors U.S. Bank National Association and MAST Capital Management, LLC.

White & Case LLP, 1155 Avenue of the Americas, New York, NY 10036, By: Thomas E. Lauria, Esq., Glenn M. Kurtz, Esq., Attorneys for Intervenor Ad Hoc Secured Group of LightSquared LP Lenders.


Chapter 11

MEMORANDUM DECISION GRANTING MOTIONS TO DISMISS COMPLAINT

SHELLEY C. CHAPMAN, UNITED STATES BANKRUPTCY JUDGE.

TABLE OF CONTENTS

BACKGROUND...330

I. The Debtors and the Commencement of the Bankruptcy Cases... 330

II. The LightSquared LP Credit Agreement...330

III. The Defendants...331

IV. The Defendants' Alleged Scheme...332

PROCEDURAL HISTORY...333

STANDARD OF REVIEW...

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