Austin McMullen Quoted in Law360 Regarding the Impact of Phillip Falcone’s Departure from LightSquared
Austin McMullen of the Bankruptcy, Restructuring, and Distressed Investing Practice Group was recently quoted in a Law360 article that discusses the impact of Phillip Falcone's departure from LightSquared, which is currently in Chapter 11 Bankruptcy. Tensions mounted as Falcone, the controlling shareholder of the company, struggled with Dish Network Corp. Chairman Charlie Ergen for control of LightSquared.
Austin commented, saying, ““It’s pretty obvious that there was a good bit of animosity between Falcone and Ergen, and I think Falcone’s absence from the mediation makes it more likely that an agreement can be reached for a confirmable plan of reorganization.”
Read the complete Law360 article, “Falcone's Exit Portends Peace For LightSquared.”