Marc Lipschultz, head of KKR & Co.’s Energy and Infrastructure unit, resigned from the board of directors at Energy Future Holdings Corp., the biggest power provider in Texas that’s seeking to restructure its $45.6 billion of debt.
Philip Falcone’s LightSquared Inc. is set to open a trial accusing Charlie Ergen of improperly snapped up debt in the company to hijack its reorganization and get airwaves worth billions of dollars for Dish Network Corp., even as Dish has said it may withdraw its bid.
Dish Network Corp.’s motion to drop its $2.2 billion offer for airwaves owned by LightSquared Inc. became the focus of a trial over how Dish Chairman Charles Ergen bought debt in Philip Falcone’s bankrupt wireless broadband company.
Genzyme Corp.’s chief executive officer, Henri A. Termeer , will leave his post of 26 years after Sanofi-Aventis SA closes its $20.1 billion purchase of his company. He may not be out of a job for long.
Angela Braly, the WellPoint Inc. chief executive officer under fire after cutting the insurer’s earnings forecast, may have until early 2013 to right the ship as her board awaits the close of the $4.9 billion Amerigroup Corp. acquisition announced last month.