Investors' Lightsquared Plan Proposes To Pay All General Unsecured Claims

Investors' Lightsquared Plan Proposes To Pay All General Unsecured Claims

NEW YORK - The investment fund that owns bankrupt Lightsquared Inc. on Oct. 9 filed an amended disclosure statement to its plan of reorganization, which the investment fund contends is the only plan proposed by any party that pays all general unsecured creditors the full principal amount of their allowed claims in cash (In Re: Lightsquared Inc., No. 12-12080, Chapter 11, S.D. N.Y. Bkcy.).

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