Motorola faces claims from Iridium creditors
A court cleared the way for creditors of Iridium to sue Motorola for several billion dollars, the New York Times reported, citing lawyers at the hearing. Creditors of Iridium, which went bankrupt in 1999 after failing to find a market for its mobile phone handsets serviced by an expensive network of satellites, have contended that Motorola kept control of Iridium even after it went public in 1997, and that it effectively operated the company to Iridium’s detriment.
