LightSquared, a wireless company that filed for bankruptcy in 2012, proposed a new restructuring plan that would give Dish Network Chairman Charlie Ergen 60 percent of the new equity in addition to $1 billion in junior debt. J.P. Morgan Chase, a LightSquared lender, would come away with 31.9 percent of the equity and a seat on the board of directors if the investment bank provides $189 million in funding. The restructuring plan is intended to raise between $750 million and $1 billion. Continue reading Dish Network Executive to Take Over LightSquared Wireless

Eastman Kodak announced yesterday that it has entered into an agreement with Brother Industries for the proposed sale of its Document Imaging business. The deal includes a cash purchase price of approximately $210 million and about $67 million in deferred service revenue liability. If a better deal is not offered by another company, Brother will likely take control of Kodak’s scanning hardware and software products. Continue reading Kodak to Sell Scanning Business to Brother for $210 Million