Replies to post #8534 on TerreStar Corporation (fka TSTRQ)

[Rich]

TerreStar Corporation Compensation Program Approval Sought

TerreStar Corporation filed with the U.S. Bankruptcy Court a motion for an order approving a management compensation program for three of its officers. The amount that will be paid to the key executives under the compensation program is capped at $500,000. The Court scheduled an August 26, 2011 hearing on the matter.

http://www.bankruptcydata.com/BankruptcyDataNewsNEW.asp

You can get a PACER account to find out more.... http://www.pacer.gov/

[Rich]

EDIT: It's about 20 pages long.

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
________________________________________
)
In re: ) Chapter 11
)
TERRESTAR CORPORATION, et al.,1 ) Case No. 11-10612 (SHL)
)
Debtors. ) Jointly Administered
________________________________________ )
AFFIDAVIT OF SERVICE
STATE OF WASHINGTON )
) ss
COUNTY OF KING )
I, Courtney Spears, being duly sworn, depose and state:
1. I am a Senior Project Supervisor with The Garden City Group, Inc., the claims and
noticing agent for the debtors and debtors-in-possession (the “Debtors”) in the above-captioned
proceeding. Our business address is 815 Western Avenue, Suite 200, Seattle, Washington
98104.
2. On August 9, 2011, at the direction of Akin Gump Strauss Hauer & Feld LLP (“Akin
Gump”), counsel for the Debtors, I caused a true and correct copy of the following document to
be served by first class mail, postage prepaid, on the parties identified on Exhibit A annexed
hereto (Master Service List and Notice of Appearance Parties), by e-mail on the parties identified
on Exhibit B annexed hereto (Master Service List and Notice of Appearance Parties who have
requested electronic service):
1 The debtors in these chapter 11 cases, along with the last four digits of each debtor’s federal taxpayeridentification
number, are: (a) TerreStar Corporation [6127] and TerreStar Holdings Inc. [0778] (collectively, the
“February Debtors”); and (b) TerreStar New York Inc. [6394]; Motient Communications Inc. [3833]; Motient
Holdings Inc. [6634]; Motient License Inc. [2431]; Motient Services Inc. [5106]; Motient Ventures Holding Inc.
[6191]; and MVH Holdings Inc. [9756] (collectively, the “Other TSC Debtors” and, collectively with the February
Debtors, the “TSC Debtors”).
2
•Notice of and TSC Debtors’ Motion for Entry of an Order Approving the TSC
Debtors’ Management Compensation Program Nunc Pro Tunc to the Petition
Date [Docket No. 155].
3. On August 10, 2011, also at the direction of Akin Gump, I caused a true and correct copy
of the following document to be served by hand delivery on the parties identified on Exhibit C
annexed hereto (Office of the United States Trustee):
• Notice of and TSC Debtors’ Motion for Entry of an Order Approving the TSC
Debtors’ Management Compensation Program Nunc Pro Tunc to the Petition
Date [Docket No. 155].
Signed in Seattle, Washington this 10th day of
August, 2011
/s/ Courtney Spears
Courtney Spears
Sworn to before me in Seattle, Washington this 10th day of August, 2011.
/s/ Brook Lyn Bower
BROOK LYN BOWER
Notary Public in and for the State of Washington
Residing in Seattle
My Commission Expires: July 26, 2012
License No. 99205