Legal Opinion

LightSquared LP v. SP Special Opportunities LLC (In re LightSquared Inc.)

United States Bankruptcy Court, S.D. New York

Decided June 10, 2014No. Case No. 12-12080 (SCC) Jointly Administered; Adv. Pro. No. 13-01390 (SCC)PublishedCited by 19 opinions

1Opinion of the Court

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 of LP Debt.. .271

A. Messrs. Ergen and Kiser Investigate Whether DISH and EchoStar Can Purchase LP Debt.. .271

*259B. Messrs. Ergen and Kiser Create the Bal Harbour Entities, and Then SPSO, to Purchase LP Debt.. .272

C.…

2Cases cited55 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. Law v. SiegelSupreme Court of the United States · 2014
  3. In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
  4. Dalton v. Educational Testing ServiceNew York Court of Appeals · 1995
  5. United States v. El Paso Natural Gas Co.Supreme Court of the United States · 1964

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3Cited by19 opinions

  1. In re Oi Brasil Holdings Coöperatief U.A.United States Bankruptcy Court, S.D. New York · 2017
  2. In re Sabine Oil & Gas Corp.United States Bankruptcy Court, S.D. New York · 2016
  3. Official Committee of Unsecured Creditors v. Sabine Oil & Gas Corp. (In re Sabine Oil & Gas Corp.)District Court, S.D. New York · 2016
  4. Ehrlich v. Commercial Factors of AtlantaDistrict Court, N.D. New York · 2017
  5. In re Aéropostale, Inc.United States Bankruptcy Court, S.D. New York · 2016

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