RESTRUCTURING

摘要

Bankrupt wireless venture lightsquared has revealed a restructuring proposal that would cede 74% of its equity to a new investor group that includes JP Morgan, Cerberus Capital Management and Fortress Investment Group, Reuters reported. Phil Falcone's Harbinger Capital Partners, which now controls LightSquared, would retain about 12% of the new equity, according to Joshua Sussberg, a lawyer for a committee overseeing LightSquared's restructuring efforts. Sussberg was speaking at a hearing in US Bankruptcy Court in Manhattan.