Legal Opinion

Harbinger Capital Partners LLC v. Ergen (In re LightSquared Inc.)

United States Bankruptcy Court, S.D. New York

Decided November 21, 2013No. Case No. 12-12080 (SCC) Jointly Administered; Adv. Pro. No. 13-1390 (SCC)PublishedCited by 13 opinions

1Opinion of the Court

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.. .334

DISCUSSION.. .335

I.Harbinger’s Equitable Disallowance Claim (Count One) is Dismissed with Prejudice. . .335

A. Applicable Statutory Provisions and Case Law.. .336

1. Section 502 of the Bankruptcy Code...336

2. Section…

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