White-Collar Crime

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.

Former DBSI Inc. President Douglas L. Swenson, convicted of multiple fraud charges for misleading investors, is seeking to be acquitted of the charges or, at the very least, a new trial.

Attorneys for Mr. Swenson and three other former officials say that acquittal or a new trial is warranted in light of such questions as “whether there was sufficient evidence produced at trial to support the crimes for which defendants were convicted,” court papers show.

Mt.

Mt.

Defunct bitcoin exchange Mt. Gox has given up its plan to rebuild under bankruptcy protection and said it has agreed with a Tokyo court on the first step toward liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal.