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U.S. bankruptcy judge orders LightSquared parties back to mediation

2014-10-07 04:16:09| Agriculture - Topix.net

Creditors of bankrupt wireless company LightSquared and the company's owner, Harbinger Capital Partners, will once again try to reach a mediated restructuring deal after a judge raised the prospect of converting the case to a Chapter 7 liquidation. With a deadline for confirming a plan just weeks away, Harbinger and two creditors, MAST Capital and JP Morgan, had crafted a plan that would carve out and hand over certain spectrum assets to creditors.

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