Brief

Bankrupt Ligado Sues Over $1.7B Cooperation Deal Breach

By Madeline Lyskawa · January 8, 2025, 8:38 PM EST

Satellite communications company Ligado Networks accused a satellite service provider of breaching a $1.7 billion cooperation deal aimed at facilitating Ligado's terrestrial network operations by failing to upgrade its own satellite...

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Bankruptcy Scorecard

Summary

A significant investment in 5G technology and disputes with the U.S. government over spectrum usage have driven satellite business Ligado Networks into financial distress, prompting the company to seek Chapter 11 protection.

Case Number

1:25-bk-10006

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$9.1 billion

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