Chapter 9

Hedge-fund manager Philip Falcone, whose Harbinger Capital Partners holds a majority stake in LightSquared, testified Thursday that he didn’t know Dish Network Corp. Chairman Charles Ergen was behind a series of LightSquared debt purchases that are at the heart of an ongoing trial.

Hedge-fund manager Stephen Ketchum on Wednesday said he couldn’t recall if Dish Network Corp. Chairman Charlie Ergen wanted to acquire a powerful “blocking” position in LightSquared ’s debt even though evidence presented to him suggested he knew that Mr. Ergen did. Read the Daily Bankruptcy Review article here.

Edgenet Inc. filed for Chapter 11 bankruptcy protection Tuesday in an effort to safeguard the planned sale of the company during a fight among creditors, who are battling over how to split up the proceeds. Read the Daily Bankruptcy Review article here.

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.