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Ligado Networks, a bankrupt satellite communications company, has initiated legal proceedings against its contract partner Inmarsat. The lawsuit, filed to recover up to $1.7 billion in payments, stems from a 2007 spectrum leasing agreement. This legal action follows Ligado's recent bankruptcy filing aimed at eliminating $7.8 billion from its balance sheet. The company has faced numerous challenges, including roadblocks that have hindered its 5G network project. A team of attorneys from Milbank LLP and Richards Layton & Finger PA is representing Ligado in this matter.
Ligado Networks filed for bankruptcy to trim $7.8 billion from its balance sheet as it wages a legal crusade over roadblocks that have delayed a 5G network project. Guiding Ligado is a team of Milbank LLP and Richards Layton & Finger PA attorneys. https://t.co/XlQcL8do9D https://t.co/N1QiWEE0N5
Red Pentagon? DoD's Leninist L-Band Expropriation Tips Ligado Networks Into Bankruptcy https://t.co/O8PGycYphL
The judgment stemmed from a dispute over an alleged default on rent payments for an aircraft lease agreement. https://t.co/O6uSbVU6tu
