The Daily Docket: LightSquared Strikes Deal Giving Control to Ergen

Dish Network Corp. Chairman Charlie Ergen would receive a controlling stake in troubled wireless company LightSquared under the company’s newest restructuring plan, announced in court on Monday. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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Communications infrastructure provider UniTek Global Services Inc. filed for Chapter 11 bankruptcy protection Monday after reaching a restructuring deal with its lenders. Read the DBR story via The Journal.

Unsecured creditors are balking at Trump Entertainment Resorts Inc.’s proposed bankruptcy-exit plan, calling it a “charade” and a power play by Carl Icahn to preserve hundreds of millions of dollars in tax credits for his benefit. Read the DBR story in WSJ.

A federal bankruptcy judge ordered one-time billionaire real estate mogul Tim Blixseth to answer questions under oath Monday about what happened to his fortune, after creditors accused Blixseth of hiding assets, the Associated Press reports.

Regulators won a temporary freeze on the assets of Sam and Charles Wyly and their wives and relatives after the brothers were found liable in a fraud case, Bloomberg reports.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.