Can Loral Space & Communications Inc. (LORL) Double and Prove Hedge Funds Right?

NAMES OF
REPORTING PERSONS

MHR ADVISORS LLC

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  x

SEC USE ONLY

SOURCE OF FUNDS (SEE
INSTRUCTIONS):

    N/A

CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)    ¨

CITIZENSHIP OR PLACE OF
ORGANIZATION

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

    1,285,467

SHARED VOTING POWER

    0

SOLE DISPOSITIVE POWER

    1,285,467

SHARED DISPOSITIVE POWER

    0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,285,467

12

CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

    6.0%

14

TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)

    OO