Replies to post #13066 on TerreStar Corporation (fka TSTRQ)

[yesmistermorningstar]

How many times a decade is a company allowed to pull this off ?

TerreStar Corporation Plan Effective
TerreStar Corporation's Third Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on October 24, 2012. All shares of common stock and preferred stock that were outstanding prior to the emergence date have been cancelled. TerreStar Corporation, the parent of TerreStar Networks Inc. (which also filed for Chapter 11 protection and emerged in March 2012 after being acquired by DISH Network) filed for bankruptcy on February 16, 2011, listing $1.4 billion in total pre-petition assets. TerreStar Corporation's predecessor, Motient Corp., emerged from Chapter 11 protection on May 1, 2002.