International

The U.S. and Canadian judges who will decide how to divide $7.3 billion raised in the liquidation of the former Canadian technology icon went their separate ways Friday, with the U.S. judge canceling and the Canadian judge forging ahead with a hearing on an issue that could be key to the decision.

Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million, according to a Tuesday court filing.

Energy Future Holdings Corp. has dropped out of the bidding on Optim Energy’s Twin Oaks power plant. Read the Daily Bankruptcy Review article here.

Hedge fund Harbinger Capital Partners sued Dish Network Corp. and Chairman Charles Ergen for $1.5 billion for allegedly trying to take away Harbinger’s control of LightSquared, Reuters reports.

LightSquared burned through $59.1 million in May, bringing its total losses to $1.41 billion since Phil Falcone ’s wireless venture filed for bankruptcy in May 2012. Read the Daily Bankruptcy Review article here.