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IN RE LIGHTSQUARED INC.

Case No. 12-12080 (SCC) Jointly Administered Adv. Pro. No. 13-01390 (SCC).

511 B.R. 253 (2014)

IN RE: LIGHTSQUARED INC., et al., Debtors. LightSquared LP, LightSquared Inc., LightSquared Investors Holdings Inc., TMI Communications Delaware, Limited Partnership, LightSquared GP Inc., ATC Technologies, LLC, LightSquared Corp., LightSquared Inc. of Virginia, LightSquared Subsidiary LLC, SkyTerra Holdings (Canada) Inc., and SkyTerra (Canada) Inc., Plaintiff-Intervenors, v. SP Special Opportunities LLC, DISH Network Corporation, EchoStar Corporation, and Charles W. Ergen, Defendants.

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

Signed June 10, 2014.

Attorney(s) appearing for the Case

Milbank, Tweed, Hadley & McCloy LLP, 1 Chase Manhattan Plaza, New York, NY 10005, By: Matthew S. Barr, Esq., Alan J. Stone, Esq., Michael L. Hirschfeld, Esq., Andrew M. Leblanc, Esq., Attorneys for Plaintiff-Intervenors and Debtors and Debtors in Possession.

Kasowitz, Benson, Torres & Friedman LLP, 1633 Broadway, New York, NY 10019, By: David M. Friedman, Esq., Jed I. Bergman, Esq., Christine A. Montenegro, Esq., Attorneys for Plaintiffs Harbinger Capital Partners LLC, HGW US 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., Tariq Mundiya, Esq., James C. Dugan, Esq., Matthew Freimuth, 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 L-Band Acquisition, LLC.

Kirkland & Ellis LLP, 601 Lexington Avenue, New York, NY 10022, By: Paul M. Basta, Esq., Joshua A. Sussberg, Esq., Attorneys for Special Committee of Boards of Directors of LightSquared Inc. and LightSquared GP Inc.

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., Andrew C. Ambruoso, Esq., Julia M. Winters, Esq., Attorneys for Intervenor Ad Hoc Secured Group of LightSquared LP Lenders.

Chapter 11

POST-TRIAL FINDINGS OF FACT AND CONCLUSIONS OF LAW

SHELLEY C. CHAPMAN, UNITED STATES BANKRUPTCY JUDGE

    TABLE OF CONTENTS

THE PARTIES...261

PROCEDURAL HISTORY...262

FINDINGS OF FACT...265

I. The Parties and Certain Relevant
Third Parties...265

II. The LightSquared LP Credit Agreement
and the Restrictions on the Transfer
of LP Debt...267

III. Background Regarding SPSO's Purchases
...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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