LightSquared sues dish

[Patrick Smith]

LightSquared Sues Ergen, Dish Over Debt Purchases http://t.co/nP1Gh9wgbB


Posted Via The SatelliteGuys Reader App!

 

[navychop]

Let's see. A worthless venture is trying to stretch out their paychecks by .......

 

[dare2be]

Saw that coming. The dealings seemed shady at best, insider hedging at worst.

 

[Claude Greiner]

Dish gets sued. How does that not surprise me

 

[Rangers484]

I don't have a WSJ login to read the rest of the article but can anyone clarify why purchasing the debt ahead of bidding on the assets is detrimental to Lightsquared who was in bankruptcy already?

 

[whitewolf8214]

Charlie and his Lawyers I bet just love lawsuits!!

 

[MikeD-C05]

I always wonder how much of the overall yearly expenditures by DISH and Charlie Ergen are legal related.

 

[Rangers484]

I always wonder how much of the overall yearly expenditures by DISH and Charlie Ergen are legal related.

I would be surprised if they were not about the average for every other multi-billion dollar corporation in the US.

 

[jerryez]

It has previously been noted that Charlie spent $100,000 of Dish (company) money on a business venture his son wanted to start. So, Charlie does not care.

 

[mike123abc]

I can see some shadiness in personally buying debt of a company that you later use your company to buy, making a lot of money personally. But, that would be between Dish's other shareholders and Charlie, I do not see any issues as far as Light Squared is concerned. People buy up debt of distressed companies all the time in advance of possibly bidding on them in bankruptcy.

 

[Claude Greiner]

It has previously been noted that Charlie spent $100,000 of Dish (company) money on a business venture his son wanted to start. So, Charlie does not care.

Actually it was closer to $600,000 and I think they ended up cutting him off