Satellite-phone company Iridium LLC has joined the parade of billion-dollar companies filing for bankruptcy court protection in Delaware, while dissident noteholders filed an involuntary petition against the company in New York.
Iridium filed its Chapter 11 petition in U.S. Bankruptcy Court in Wilmington Aug. 13 after its bondholders and its biggest investor, Motorola Inc., couldn’t agree on a plan that would allow the cash-strapped satellite-telephone company to repay its debts.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]