All Points Blog
Our Opinion, Your Views of All Things Location

  • HOME

    About Us

    Advertising

    Contact Us

    Follow Us



    Feed  Twitter 

  • RECENT COMMENTS
  • NEWSLETTER

    All Points Blog

    Catching geospatial news that others miss. Delivered daily.

    Preview Newsletter | Archive

  • ARCHIVE
    << May 2012 >>
    S M T W T F S
       1 2 3 4 5
    6 7 8 9 10 11 12
    13 14 15 16 17 18 19
    20 21 22 23 24 25 26
    27 28 29 30 31    
  • PUBLICATIONS

Monday, May 14, 2012

Update: LightSquared Update - Bankruptcy Could be Monday - 5/14/12

LightSquared officially filed for Chapter 11 bankruptcy in Manhattan US Bankruptcy Court today.

- endgadget

----original post 5/14/12 7 am EDT ---

The Wall Street Journal (subscription required) is the source of comments by those in the know that it's unlikely that LightSquared and its funder will reach a deal on the company's non-payment of debts. LightSquared has until 5 p.m. Monday to negotiate a deal. If the deal is not reached, and an extension is unlikely, the company is expected to file for bankruptcy.

- PC World

by Adena Schutzberg on 05/14 at 11:00 AM | Comments | Bookmark and Share

More from Directions Magazine

All Points Blog Newsletter

Catching geospatial news that others miss. Delivered daily.

Preview Newsletter | Archive

Follow

Feed  Twitter 

Recent Comments

Publications: Directions Magazine | Directions Magazine India
Conferences: Location Intelligence Conference | .Map Conference | GEO Huntsville
© 2014 Directions Media. All Rights Reserved