A reorganization plan that would give control of mobile satellite service operator TerreStar to EchoStar looks set to be approved, following a ruling by the U.S. Bankruptcy Court for the Southern District of New York allowing the plan to be sent to creditors for approval. The court ruled just prior to Christmas against a final objection by Sprint Nextel, one of the claim holders, to disclosure of the plan, after the other creditors withdrew their complaints. The decision clears the way for a ...
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