UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934*

LORAL SPACE & COMMUNICATIONS INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

543881106

(CUSIP Number)

Matthew Okolita
Highland Capital Management, L.P.
Two Galleria Tower
13455 Noel Road, Suite 800
Dallas, Texas 75240
(972) 628-4100

(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)

September 9, 2010

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), (f) or (g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

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          This Amendment No. 6 to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “ Commission ”) on October 24, 2006, as amended by Amendment No. 1 to Schedule 13D filed with the Commission on October 25, 2006, Amendment No. 2 to Schedule 13D filed with the Commission on November 17, 2006, Amendment No. 3 to Schedule 13D filed with the Commission on March 15, 2007, Amendment No. 4 to Schedule 13D filed with the Commission on March 28, 2007, and Amendment NO. 5 to Schedule 13D filed with the Commission on January 29, 2008 (as amended, the “ Schedule 13D ”). Capitalized terms used herein which are not defined herein have the meaning given to such terms in the Schedule 13D. Except as otherwise provided herein, all Items of the Schedule 13D remain unchanged.

Item 1. Security and Issuer

          The class of equity securities to which this statement relates is common stock, par value $0.01 per share (the “Common Stock” or the “Shares”), of Loral Space & Communications Ltd., a New York corporation (the “Company” or “Issuer”). The address of the principal executive office of the Issuer is 600 Third Ave, New York, New York 10016.

Item 2. Identity and Background

(a) – (c) This Statement is being filed by Highland Capital Management, L.P. (“Highland”), a limited partnership duly organized and validly existing under the laws of the State of Delaware; Strand Advisors, Inc. (“Strand”), a Delaware Corporation; and James D. Dondero, an Individual. The foregoing persons are collectively referred to herein as the “Reporting Persons”. The address of each Reporting Person is: 13455 Noel Rd., Suite 800, Dallas, Texas, 75240. The Principal business of Highland is acting as investment advisor.

(d) During the last five years, none of the reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors, if any).

(e) During the last five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Each of the Reporting Persons who is an individual is a citizen of the United States of America.

Item 3. Source of Amount of Funds or Other Consideration

          The Reporting Persons have acquired an aggregate of 1,428,996 shares of Common Stock, par value $0.01 per share (the “ Shares ”), which are reported herein, for an aggregate purchase price of approximately $76,508,445.84 with a combination of funds from accounts managed by Highland Capital.

Item 4. Purpose of Transaction

          The Reporting Persons acquired shares of Common Stock, par value of $0.01 per share reported herein as being beneficially owned by them for investment purposes in their ordinary course of business. The Reporting Persons expect to review from time to time their investment in the Company and may depending on the market and other conditions:

(a) purchase additional Shares, warrants, options or related derivates in the open market, in privately negotiated transactions or otherwise; and

(b) sell all or a portion of the Shares, warrants, options or related derivates now beneficially owned or hereafter acquired by them.

Item 5. Interest in Securities of the Issuer.

     (a) The aggregate number and percentage of the shares of Common Stock, par value $0.01 beneficially owned by each Reporting Person:

           See the disclosure provided in response to Items 11 and 13 on the attached cover page(s).

     (b) Number of shares as to which such person has:

	(i)		sole power to vote or to direct the vote:
			See the disclosure provided in response to Item 7 on the attached cover page(s).
	(ii)		shared power to vote or to direct the vote:
			See the disclosure provided in response to Item 8 on the attached cover page(s).
	(iii)		sole power to dispose or to direct the disposition of:
			See the disclosure provided in response to Item 9 on the attached cover page(s).

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	(iv)		shared power to dispose or to direct the disposition of:
			See the disclosure provided in response to Item 10 on the attached cover page(s).

     (c) The following table describes transactions in the Common Stock that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less, by the persons named in response to paragraph (a) of this Item 5:

				Number of
Transaction				Shares		Price Per		Description of
Date		Reporting Person		Acquired		Share ($)		Transaction
8/12/2010		Highland Select Equity Master Fund, L.P.		3966		49.8796		Open Market

(d) Other persons, including Highland Crusader Offshore Partners, L.P., may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock beneficially owned by the Reporting Persons.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

     Not Applicable.

Item 7. Material to be Filed as Exhibits.

     Please see Exhibit 99.1, Joint Filing Agreement.

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EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		Joint Filing Agreement (incorporated herein by reference from Exhibit 99.1 to the Schedule 13D related to the common stock of the issuer filed September 9,2010 by the reporting persons with the Commission)

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SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 09, 2010

		Highland Capital Management, L.P.
		By:		Strand Advisors, Inc., its general partner
				By:		/s/ James D. Dondero
						Name: James D. Dondero
						Title: President
		Strand Advisors, Inc.
		By:		/s/ James D. Dondero
				Name:		James D. Dondero
				Title:		President
		James Dondero
		/s/ James D. Dondero