Bloomberg News

TerreStar to Settle Dispute With Hain Capital for $3.5 Million

January 03, 2012

Dec. 30 (Bloomberg) -- TerreStar Networks Inc. will pay Hain Capital Holdings Ltd. $3.5 million to settle a dispute over claims, according to a court filing today. Hain originally sought $33.5 million for the claim, which it bought from Nokia Siemens Networks US LLC, bankrupt TerreStar said.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Mary Romano at mromano6@bloomberg.net


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