A U.S. bankruptcy judge ordered LightSquared and its chief creditor, satellite mogul Charles Ergen, to discuss a settlement after she refused to approve the wireless provider's plan to exit its two-year bankruptcy.Chapman spent several hours on Thursday in her Manhattan courtroom reading a lengthy opinion that capped weeks of hearings aimed at resolving a bitter dispute between Ergen and LightSquared's founder, Phil Falcone, over the company.LightSquared had premised its plan to exit Chapter 11 bankruptcy on subordinating the $1 billion it owes to Ergen, the chairman of Dish Network Corp, behind the claims of other creditors.Chapman found his debt should be subordinated to remedy Ergen's underhanded dealings, but she also found LightSquared was not treating him fairly. The ruling essentially hit both sides, and she ordered them to begin talking with lowered expectations or she would order them to mediation in front of her colleague Judge Robert Drain.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 4.02% or $-2.52/share to $60.14. In the past year, the shares have traded as low as $37.30 and as high as $64.52. On average, 2874390 shares of DISH exchange hands on a given day and today's volume is recorded at 6059253.
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