Chapter 9

A judge on Thursday said some of Dish Network Corp. Chairman Charlie Ergen’s nearly $1 billion in claims in the wireless venture’s bankruptcy case will be subordinated below those of other creditors. However, in a separate ruling, she refused to approve LightSquared’s restructuring, saying it is unfair to Mr. Ergen. The Wall Street Journal has the Daily Bankruptcy Review article here.

LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder, Philip Falcone, and shouldn’t be approved, a lawyer for Dish Network Corp.  Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Energy Future Holdings Corp.

Sbarro LLC announced that it is moving forward with its original restructuring plan—a debt-for-equity swap—after receiving no bids that would allow the pizza retailer to hold an auction for its assets, Daily Bankruptcy Review reports via The Wall Street Journal.