{"id":40241,"date":"2014-01-24T15:45:29","date_gmt":"2014-01-24T20:45:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40241"},"modified":"2014-01-24T15:45:29","modified_gmt":"2014-01-24T20:45:29","slug":"charlie-ergen-and-hedge-funds-fighting-over-lightsquared-loan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2014\/charlie-ergen-and-hedge-funds-fighting-over-lightsquared-loan.html","title":{"rendered":"Charlie Ergen and hedge funds fighting over LightSquared loan"},"content":{"rendered":"<p>Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared&#8217;s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat.<\/p>\n<p>In a Thursday filing with U.S. Bankruptcy Court in Manhattan, lawyers for Ergen&#8217;s SPSO Special Opportunities investment vehicle said the $33 million loan offer from the hedge funds to keep LightSquared afloat through April 15 is &#8220;inferior&#8221; to theirs.<\/p>\n<p>Ergen&#8217;s loan, his lawyers said, &#8220;is not a coercive financing designed to benefit select parties in interest rather than the estate as a whole.&#8221; A lawyer for the hedge funds didn&#8217;t immediately respond to a request for comment.<\/p>\n<p><a href=\"http:\/\/www.denverpost.com\/business\/ci_24986478\/charlie-ergen-and-hedge-funds-fighting-over-lightsquared\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared&#8217;s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. In a Thursday filing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40241","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40241"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40241\/revisions"}],"predecessor-version":[{"id":40246,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40241\/revisions\/40246"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}