Mealey's Bankruptcy - U.S. Trustee: Lightsquared's Plan Does Not Comply With Bankruptcy Code

Mealey's Bankruptcy - U.S. Trustee: Lightsquared's Plan Does Not Comply With Bankruptcy Code

NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy of Lightsquared Inc. on March 10 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to the company's plan of reorganization, contending that it contains releases for certain parties that do not comply with the Bankruptcy Code (In Re: Lightsquared Inc., No. 12-12080, Chapter 11, S.D. N.Y. Bkcy.).

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