In re LIGADO NETWORKS LLC, ET AL. Debtors LIGADO NETWORKS LLC Debtor-Appellant in 26-1444
The Third Circuit vacated a District Court stay that blocked Ligado Networks from enforcing a bankruptcy-approved agreement with AST & Science regarding spectrum rights. The appellate court held that the District Court abused its discretion by misinterpreting the contract and failing to recognize the irreparable harm Ligado would suffer from missing critical FCC deadlines.