Satellite operator Ligado sues Inmarsat after bankruptcy filing
4 days ago · Bankrupt satellite communications company Ligado on Tuesday sued its contract partner Inmarsat over a 2007 spectrum leasing agreement, seeking to recoup up to $1.7 billion in payments under the ...
Ligado Networks sues Inmarsat after spectrum partnership
3 days ago · Two days after filing for Chapter 11 bankruptcy protection, Ligado said in a Jan. 7 news release that it is seeking financial damages and restitution for more than $1.7 billion paid to Inmarsat ...
Ligado sues Inmarsat following bankruptcy ruling - DCD
1 day ago · Ligado said that the filing will enable it to reduce its debt from $8.6 billion to approximately $1.2 billion. “Over a 17-year period, Ligado paid Inmarsat over $1.7 billion in fees, while Inmarsat willfully avoided performing its contractual duties to upgrade its own satellite terminals,” said Ligado CEO Doug Smith in a statement.
Ligado Sues Inmarsat for Breach of Contract in Spectrum Deal
2 days ago · “Ligado entered the agreement in good faith and with every intention of upholding its end of the deal,” Doug Smith, President and CEO of Ligado commented in a release. “After a prolonged effort to reach a path forward, Ligado is compelled to seek legal recourse to make Inmarsat perform its duties and pay damages for the harm it has caused.”
Satellite operator Ligado sues Inmarsat after bankruptcy filing
3 days ago · Inmarsat, through its other work with the Defense Department, likely knew that the government would prevent Ligado's planned expansion into land-based 5G wireless services, but it continued to ...
Ligado sues Inmarsat | Advanced Television
3 days ago · On January 6th Ligado Networks entered Chapter 11 bankruptcy reconstruction. January 7th opened a legal action against London-based Inmarsat over a 2007 spectrum and capacity leasing agreement. Inmarsat, now owned by California-based Viasat, allegedly owes Ligado $1.7 billion (€1.65bn) in payment under the agreement says the action.
Satellite Operator Ligado Owes Business Partner $500 Million
3 days ago · Ligado Networks owes its main business partner about $500 million and will use a new lawsuit to resolve a contract dispute with the firm — Inmarsat Global Limited — lawyers said in the satellite operator’s first day in bankruptcy court.. Ligado will try to win bankruptcy court approval of a restructuring plan in about five months, attorney Andrew Leblanc told the judge overseeing the ...
AMERICAS DISTRESS DAILY: Ligado Sues Partner Owed $500 Million
2 days ago · Ligado Networks owes its main business partner about $500 million and will use a new lawsuit to resolve a contract dispute with the firm — Inmarsat Global Limited — lawyers said in the satellite operator’s first day in bankruptcy court.. In Other News: Northvolt AB is asking for shareholder approval to keep building battery cells while the bankrupt electric-vehicle supplier seeks the new ...
Ligado sues Inmarsat over 2007 contract - Mobile World Live
2 days ago · Ligado Networks filed a lawsuit against rival Inmarsat over alleged breaches of contract between the pair, with the troubled satellite company seeking financial damages covering a 17-year period.. The company accused Inmarsat of intentional and wilful breaches of an agreement struck in 2007, after which it made payments amounting to more than $1.7 billion for the latter to upgrade its ...
Satellite Operator Ligado Networks Files for Bankruptcy (3)
5 days ago · The filing lets Ligado keep operating while it works on a plan to repay creditors. Inmarsat Global Limited and Boeing Satellite Systems Inc. were listed in the filing as the two largest unsecured creditors for an undisclosed amount. Under the restructuring support agreement, AST SpaceMobile Inc. reached a deal with Ligado ...
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