Broadband company LightSquared has urged a judge not to re-open a trial that ended last week over Dish Network Corp Chairman Charles Ergen's purchase of LightSquared debt, saying that it would delay resolution of LightSquared's bankruptcy proceedings, Reuters reported yesterday. In a court filing on Friday, lawyers for LightSquared said that the company should not have to bear the "tremendous cost" in money, time and distraction and have its efforts to emerge from bankruptcy imperiled. LightSquared, which filed for bankruptcy in 2012, presented closing arguments last week in a trial over whether Ergen improperly acquired $1 billion of the company's debt to take control of its wireless rights. Bankruptcy Judge Shelley Chapman has not yet issued a ruling in the trial, which ended yesterday.
