White-Collar Crime

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.

Dish Network Corp.’s  proposed deal to buy LightSquared’s wireless spectrum assets is on the verge of falling apart, a lawyer for LightSquared’s lenders said in bankruptcy court Tuesday. Read the Daily Bankruptcy Review via The Wall Street Journal.

Bankruptcies may have slowed in 2013, but we’ve still had our share of action.

Celebrities ruled Bankruptcy Beat’s top posts of the year by page views, taking eight of our top 11 spots.

It’s the final countdown (of 2013):

11. Flying High

New Bill Would Help American Airlines Union Workers (July 9)

LightSquared Inc.’s recently overhauled restructuring plan, which faces objections from certain creditors, is currently the best option on the table, say the wireless venture’s independent directors. Read the Daily Bankruptcy Review article via The Wall Street Journal.