UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   August 5, 2014

Loral Space & Communications Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-14180 87-0748324
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
888 Seventh Avenue, New York, New York   10106
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (212) 697-1105

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On August 4, 2014, the Board of Directors of Loral Space & Communications Inc. ("Loral" or the "Company") received a letter from a Loral shareholder, Highland Capital Management, L.P. ("Highland").

On August 5, 2014, Loral responded to Highland’s letter, a copy of which is filed as Exhibit 99.1 to this report and incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

99.1 Letter from Loral Space & Communications Inc. dated August 5, 2014 to Highland Capital Management, L.P.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Loral Space & Communications Inc.
          
August 5, 2014   By:   Avi Katz
       
        Name: Avi Katz
        Title: President, General Counsel and Secretary

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Letter from Loral Space & Communications Inc. dated August 5, 2014 to Highland Capital Management, L.P.
EX-99.1

LORAL SPACE & COMMUNICATIONS INC.
888 Seventh Avenue
New York, NY 10106

August 5, 2014

Highland Capital Management, L.P.
300 Crescent Court, Suite 700
Dallas, Texas 75201
Attention: Mr. James Dondero

Re: Your Letter of August 4, 2014

Dear Mr. Dondero:

We confirm receipt of your letter dated August 4, 2014 which has been distributed to the entire Loral Board of Directors (the “Board”). The Board has reviewed your letter and asked me to respond.

The Board is being advised by independent counsel and financial advisors and is well aware of its fiduciary duties to all of Loral’s stockholders, including the need, where appropriate, for a committee of independent directors. You can rest assured that all stockholders of Loral will receive the same per share consideration from the current process, if consummated.

The Board has generated substantial value for all of Loral’s stockholders to date (including an over 50% pre-tax internal rate of return over the last five years) and will continue to work to maximize stockholder value in the future.

Sincerely,

LORAL SPACE & COMMUNICATIONS INC.

     
   
By:/s/ Avi Katz
Name:Avi Katz
Title:President
cc:  
Maurice M. Lefkort, Esq., Willkie Farr & Gallagher LLP