Lightsquared Seeks OK Of At Least $315,000 Payment For Special Committee Members

NEW YORK - Bankrupt technology company Lightsquared Inc. on Sept. 23 filed an emergency motion in the U.S. Bankruptcy Court for the Southern District of New York seeking at least $315,000 in compensation for three members of a special committee that has played "a significant role" in selling the company's assets and helping it restructure. The compensation could increase depending on how long Lightsquared determines the special committee is needed (In Re: Lightsquared Inc., No.12-12080, Chapter 11, S.D. N.Y. Bkcy.).

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