Court appoints Harrison Goldin as Loral examiner

By Jeff Pines

Washington, Jan. 12 - The U.S. Bankruptcy Court for the Southern District of New York appointed Harrison Goldin Wednesday as examiner to investigate how Loral Space & Communications Ltd. valued itself in its reorganization plan.

The request for an examiner from a group of stockholders was originally rejected but overturned on appeal to the U.S. District Court.

The Loral Stockholders Protective Committee believes the New York-based satellite company is worth far more than the company estimates in its paperwork.

Loral filed for bankruptcy on July 15, 2003. Its Chapter 11 case number is 03-41710.

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