Beyond Bankruptcy

Dish Network Corp. Chairman Charlie Ergen testified he wanted to keep his purchases of LightSquared’s debt confidential because he didn’t want to drive the price up, not because he was secretly buying it on behalf of LightSquared suitor Dish. Read the Daily Bankruptcy Review article via The Wall Street Journal.

The duel over Fisker Automotive Inc. continued to heat up Monday, when a company connected to Hong Kong’s Richard Li boosted its bid for the failed maker of luxury hybrid vehicles. Read the Daily Bankruptcy Review article here.

Sixt Rent-a-Car LLC is appealing Advantage Rent a Car’s sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month’s auction. Read the Daily Bankruptcy Review article here.

Phil Falcone and LightSquared urged a bankruptcy judge to reject a plan to sell the company’s wireless spectrum assets to Charlie Ergen’s Dish Network Corp., a deal they say is inferior to LightSquared’s proposal to reorganize on its own. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Hybrid Tech Holdings LLC has bumped up its offer for Fisker Automotive Inc. in a bid to ward off competition for the hybrid-car company from a unit of China’s Wanxiang Group. Read the Daily Bankruptcy Review article via The Wall Street Journal.