Intelsat Has 'Nothing to Stand on' in C-Band Alliance Proceeds Fight: SES
The U.S. District Court for Eastern Virginia said the C-Band Alliance (CBA) agreement between SES and Intelsat was broad enough to cover accelerated relocation payments for clearing the C band, and SES had good evidence to show this was the…
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intent of the two parties, SES told the U.S. Bankruptcy Court for Eastern Virginia Thursday in its principal brief on remand (docket 20-32299). The district court's rejection of Intelsat's counterarguments leaves Intelsat "with nothing to stand on," SES said. The district court in June reversed the bankruptcy court's denial of SES' $421 million claim against Intelsat for damages stemming from the collapse of the CBA and remanded the case to the bankruptcy court (see 2306230018). In its principal brief, SES told the court Intelat's Chapter 11 plan allocates the relocation payments to its corporate parent and its license-holding entity, but Intelsat's argument SES can't recover from those entities fails under the principles of agency and of veil-piercing.