Really Rocket Science

Sure, it all makes sense now.

LightSquared had a plan to use frequencies for mobile services. That turned into a fight with the GPS industry. They fucked with the farmers, too.

Just before they filed for bankruptcy protection, they paid Dennis Hastert’s lobbying firm $200,000 to keep an eye on GPS legislation. And the science behind the interference issue was real.

All this seems like a waste of money, right? Think again and bring the bankruptcy fees. Case Number 1:12-bk-12080 got their exit financing approved on 2 June 2015, so the end is near. The FCC is asking for comment on the available frequencies.

Who’s involved in this bankruptcy? These are the entities for Reston, VA-based LightSquared:

LightSquared Inc.
LightSquared
Investors Holdings Inc.
One Dot Four Corp.
One Dot Six Corp.
SkyTerra Rollup LLC
SkyTerra Rollup Sub LLC
SkyTerra Investors LLC
TMI Communications Delaware, Limited Partnership
LightSquared GP Inc.
LightSquared LP
ATC Technologies, LLC
LightSquared Corp.
LightSquared Finance Co.
LightSquared Network LLC
LightSquared Inc. of Virginia
LightSquared Subsidiary LLC
Lightsquared Bermuda Ltd.
SkyTerra Holdings (Canada) Inc.
SkyTerra (Canada) Inc.
One Dot Six TVCC Corp.

Are we counting the “lawyer dollars” now? More, please. Here are the people on the other side of the table…

Creditor
ACE American Insurance Company and other members of the ACE group of companies
Represented by:
Karel S. Karpe, KarpeLaw

Creditor
APA Properties No. 10, LP
Represented by:
Patrick J. Potter, Pillsbury Winthrop Shaw Pittman LLP

Creditor
ASM Capital IV, L.P.
Represented by:
Douglas Wolfe, ASM Capital, LP

Creditor
ASM Capital, L.P.
Represented by:
Douglas Wolfe, ASM Capital, LP

Unknown
AT&T Corp.
Represented by:
David A. Rosenzweig, Norton Rose Fulbright US LLP

Creditor
Ad Hoc Group of LightSquared LP Lenders
Represented by:
Glenn M. Kurtz, White & Case, LLP
Julia M Winters, White & Case LLP

Unknown
Ad Hoc Preferred LP Group
Represented by:

Creditor
Alcatel-Lucent USA, Inc.
Represented by:
Alyse M. Aruch, McCarter & English

Unknown
Donna Pelligrini Alderman
Represented by:
Joel M Melendez, Molo Lamken LLP

Financial Advisor
Alvarez & Marsal North America, LLC
Represented by:
Karen Gartenberg, Milbank, Tweed, Hadley & McCloy LLP

Unknown
BDC Parkridge LLC
Represented by:
Anthony D. Boccanfuso, Arnold & Porter

Stockholder
Blue Line DZM Corp.
Represented by:
Paul Nii-Amar Amamoo, Kasowitz, Benson, Torres & Friedman LLP
David M. Friedman, Kasowitz, Benson, Torres & Friedman, LLP

Creditor
Boeing Satellite Systems, Inc.
Represented by:
Todd J. Rosen, Munger, Tolles & Olson LLP
Bradley Schneider, Munger, Tolles & Olson, LLP

Creditor
Cates Strategy Group, LLC
Represented by:
Leon S. Jones, Jones & Walden, LLC

Interested Party
Centaurus Capital LP
Represented by:
Jeffrey S. Sabin, Venable LLP

Claims and Noticing Agent
Kurtzman Carson Consultants LLC, Claims Agent
Represented by:

Unknown
Clerks Office of the U.S. Bankruptcy Court
Represented by:
Creditor
Raymond Coburn
Represented by:

Creditor
Comerica Bank
Represented by:
Ronald Scott Beacher, Pryor Cashman LLP
Conrad Chiu, Pryor Cashman LLP

Unknown
Covington & Burling LLP
Represented by:
Ronald A. Hewitt, Covington & Burling LLP

Unknown
Crown Castle USA Inc.
Represented by:
Leslie Ann Berkoff, Moritt, Hock & Hamroff, LLP

Creditor
DACA VI LLC
Represented by:

Unknown
DISH NETWORK CORPORATION
Represented by:
Brian D. Glueckstein, Sullivan & Cromwell LLP

Attorney
DLA Piper LLP (US)
Represented by:
Gregg M. Galardi, DLA Piper LLP (US)

Creditor
Dallas County
Represented by:
Elizabeth Weller, Linebarger Goggan Blair & Sampson, LLP

Creditor
Debt Acquisition Co of America V, LLC
Represented by:

Interested Party
Deere & Company
Represented by:
Philip Le B. Douglas, Jones Day

Attorney
Dentons Canada LLP
Represented by:
Karen Gartenberg, Milbank, Tweed, Hadley & McCloy LLP

Unknown
Dickstein Shapiro LLP
Represented by:
Shaya M. Berger, Dickstein Shapiro, LLP

Mediator
Robert D. Drain
Represented by:

Interested Party
Charles W. Ergen
Represented by:
James C. Dugan, Willkie Farr & Gallagher LLP

Other Prof.
Ernst & Young LLP
Represented by:
Karen Gartenberg, Milbank, Tweed, Hadley & McCloy LLP
Lars A. Peterson, Foley & Lardner LLP
John A. Simon, Foley & Lardner LLP

Unknown
FCDB LSQ LLC
Represented by:

Creditor
Fortress Credit Investments I Ltd., Fortress Credit Investments II Ltd., Fortress Credit Funding IV LP, Fortress Credit Opportunities I LP, Worden Master Fund LP, Worden Master Fund II LP, Drawbridge
Represented by:

Unknown
Fortress Investment Group LLC
Represented by:
Kristopher M. Hansen, Stroock & Stroock & Lavan LLP

Other Prof.
Fraser Milner Casgrain LLP
Represented by: Interested Party
Garmin International, Inc.
Represented by:
Philip Le B. Douglas, Jones Day
Paul Bartholomew Green, Jones Day

Unknown
Gibson, Dunn & Crutcher LLP
Represented by:
Michael A. Rosenthal, Gibson, Dunn & Crutcher LLP

Stockholder
HGW US Holding Company, L.P.
Represented by:
Paul Nii-Amar Amamoo, Kasowitz, Benson, Torres & Friedman LLP
David M. Friedman, Kasowitz, Benson, Torres & Friedman, LLP

Stockholder
Harbinger Capital Partners LLC
Represented by:
Paul Nii-Amar Amamoo, Kasowitz, Benson, Torres & Friedman LLP
Daniel A. Fliman, Kasowitz, Benson, Torres & Friedman LLP
David M. Friedman, Kasowitz, Benson, Torres & Friedman, LLP

Unknown
Harbinger Capital Partners LLC, et al.
Represented by:
Ronit J. Berkovich, Weil, Gotshal & Manges LLP
Debra A. Dandeneau, Weil, Gotshal & Manges, LLP

Stockholder
Harbinger Capital Partners SP, Inc.
Represented by:
Paul Nii-Amar Amamoo, Kasowitz, Benson, Torres & Friedman LLP
David M. Friedman, Kasowitz, Benson, Torres & Friedman, LLP

Unknown
Intelsat Corporation
Represented by:
Stephen B. Selbst, Herrick, Feinstein LLP

Interested Party
Jacksonville Police and Fire Pension Fund
Represented by:
Michael S. Etkin, Lowenstein Sandler LLP
Cassandra M. Porter, Lowenstein Sandler LLP

Unknown
STEPHEN KETCHUM
Represented by:
Charles E. Bachman, O’Melveny & Myers LLP
Peter M. Friedman, O’MELVENY & MYERS LLP

Attorney
Kirkland & Ellis LLP
Represented by:
Paul M. Basta, Kirkland & Ellis, LLP

Christopher Marcus, Kirkland & Ellis LLP

Joshua Sussberg, Kirkland & Ellis LLP

Unknown
Kurtzman Carson Consultants LLC
Represented by: Interested Party
L-Band Acquisition, LLC
Represented by:
Brian D. Glueckstein, Sullivan & Cromwell LLP
Rachel C. Strickland, Willkie Farr & Gallagher LLP

Unknown
Latham & Watkins LLP
Represented by:

Debtor
LightSquared Inc.
Represented by:
Matthew Scott Barr, Milbank, Tweed, Hadley & McCloy
Paul M. Basta, Kirkland & Ellis, LLP
Karen Gartenberg, Milbank, Tweed, Hadley & McCloy LLP
Christopher Marcus, Kirkland & Ellis LLP
Alan Stone, Milbank Tweed Hadley & McCloy LLP
Mitchell S. Bigel, Myers Bigel Sibley & Sajovec, P.A.

Creditor
Liquidity Solutions, Inc.
Represented by: Unknown
MAST Capital Management LLC
Represented by:
Philip Dublin, Akin, Gump, Strauss, Hauer & Feld, LLP
Lawrence S. Robbins, Robbins Russell Englert Orseck Untereiner

Interested Party
Melody Business Finance, LLC
Represented by: Attorney
Milbank, Tweed, Hadley & McCloy LLP
Represented by:
Matthew Scott Barr, Milbank, Tweed, Hadley & McCloy

Creditor
Missouri Department of Revenue
Represented by:
Steven A. Ginther, Missouri Department of Revenue

Financial Advisor
Moelis & Company LLC
Represented by:
Karen Gartenberg, Milbank, Tweed, Hadley & McCloy LLP

Unknown
New York State Department of Labor
Represented by:

Creditor
One Beacon Street Limited Partnership
Represented by:
Douglas B. Rosner, Goulston & Storrs, P.C.

Creditor
Oracle America, Inc.
Represented by:
Shawn M. Christianson, Buchalter Nemer Fields & Younger
Amish R. Doshi, Magnozzi & Kye

Creditor
James Paull, IV
Represented by:
Lawrence A. Katz, Leach Travell Britt PC

Creditor
Jay Paull, IV
Represented by:
Lawrence A. Katz, Leach Travell Britt PC

Creditor
John Paull
Represented by:
Lawrence A. Katz, Leach Travell Britt PC

Unknown
Pillsbury Winthrop Shaw Pittman LLP
Represented by:
Bruce D. Jacobs, Pillsbury Winthrop Shaw Pittman LLP
Brandon Johnson, Pillsbury Winthrop Shaw Pittman LLP
Matthew J Oliver, Pillsbury Winthrop Shaw Pittman LLP
Patrick J. Potter, Pillsbury Winthrop Shaw Pittman LLP
Dania Slim, Pillsbury Winthrop Shaw Pittman LLP

Unknown
Providence TMT Special Situations Fund LP and TMT Debt Opportunity Fund II LP, investment funds managed by affiliates of Providence Equity Partners LLC (collectively, the “Providence Funds”)
Represented by:
Emanuel C. Grillo, Baker Botts L.L.P.

Creditor
SBA Structures Inc. and SBA Towers III LLC
Represented by:
Lucian Murley, Saul Ewing LLP

Interested Party
SIG Holdings, Inc.
Represented by:
Nicholas E. Baker, Simpson Thacher & Bartlett LLP
Sandeep Qusba, Simpson Thacher & Bartlett LLP

Interested Party
SP Special Opportunities, LLC
Represented by:
James C. Dugan, Willkie Farr & Gallagher LLP
Tariq Mundiya, Willkie Farr & Gallagher LLP
Rachel C. Strickland, Willkie Farr & Gallagher LLP

Interested Party
Lili Schad
Represented by:
Scott D. Cousins, Bayard, P.A.
Kevin D. Galbraith, Zamansky & Associates LLC
Jacob H. Zamansky, Zamansky & Associates, LLC

Unknown
Sandeep Singh
Represented by:

Unknown
Solus Alternative Asset Management LP
Represented by:
Malek Schiffrin LLP, Malek Schiffrin LLP

Interested Party
Sound Point Capital Management, L.P.
Represented by:
Charles E. Bachman, O’Melveny & Myers LLP
Peter M. Friedman, O’MELVENY & MYERS LLP

Unknown
Special Committee of the Board of Directors of LightSquared Inc. and LightSquared GP Inc.
Represented by:
Paul M. Basta, Kirkland & Ellis, LLP
Joshua Sussberg, Kirkland & Ellis LLP

Interested Party
TR Capital Management, LLC
Represented by: Creditor
Tennessee Department of Revenue
Represented by:
Marvin E. Clements, Jr., Office of the Tennessee Attorney General

Unknown
The Law Office of John T. Whelan, LLC
Represented by:
John T. Whelan, The Law Office of John T. Whelan LLC

Interested Party
The U.S. GPS Industry Council
Represented by:
Philip Le B. Douglas, Jones Day

Interested Party
Trimble Navigation Ltd.
Represented by:
Philip Le B. Douglas, Jones Day

Unknown
U.S. Bank National Association
Represented by:
Philip Dublin, Akin, Gump, Strauss, Hauer & Feld, LLP

John W. Weiss, Alston & Bird LLP

Creditor
UBS AG
Represented by:
Adam J. Goldberg, Latham & Watkins, LLP
David S. Heller, Latham & Watkins

U.S. Trustee
United States Trustee
Represented by:
Susan D. Golden, Office of United States Trustee SDNY

Unknown
United States of America on behalf of the Federal Communications Commission
Represented by:
Alicia M. Simmons, U.S. Attorney’s Office, SDNY

Creditor
Universal Service Administrative Company
Represented by:
Michael L. Schein, Vedder Price, P.C.

Unknown
Weil, Gotshal & Manges LLP
Represented by:
Debra A. Dandeneau, Weil, Gotshal & Manges, LLP

Interested Party
Wilmington Savings Fund Society, FSB
Represented by:
Darren T. Azman, McDermott Will & Emery LLP

Unknown
Wilmington Trust, National Association
Represented by:
David S Forsh, Pillsbury Winthrop Shaw Pittman LLP