LightSquared Shouldn't Run Its Own Auction, Lenders Say - Bloom...

08/29/13

LightSquared Shouldn't Run Its Own Auction, Lenders Say
Bloomberg
Philip Falcone's LightSquared Inc. shouldn't be allowed to run its own bankruptcy auction, a group of lenders said, citing depleted cash, a changing industry and a controlling shareholder who wants to block the sale. The lenders, a trustee or an ...
Lenders Seek December Auction for LightSquared Assets4-traders (press release)

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