Ron Burgundy Posted March 17, 2014 Share Posted March 17, 2014 By Nick Brown NEW YORK (Reuters) - Broadband company LightSquared on Monday urged a judge to find that its largest creditor, Dish Network Corp Chairman Charles Ergen, acquired his debt holding improperly. U.S. Bankruptcy Judge Shelley Chapman was hearing closing arguments in a trial over whether Ergen concealed his identity to acquire his controlling stake of LightSquared's debt. The outcome of the trial is likely to determine the fate of LightSquared's wireless rights after it emerges from Chapter 11. "There's no question that Ergen was a competitor" of LightSquared, and should not have been able to buy its debt, a lawyer for LightSquared, Andrew LeBlanc, told Chapman. View the full article Quote Link to comment Share on other sites More sharing options...
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