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Falcone's Harbinger Sues U.S. for Blocking LightSquared
2014-07-13 00:18:12| Agriculture - Topix.net
Philip Falcone's Harbinger Capital Partners LLC filed a $2 billion lawsuit against the U.S., two years after the Federal Communications Commission refused to approve the wireless broadband service of his now-bankrupt LightSquared Inc. The U.S. reneged on a March 2010 commitment under which Harbinger agreed to invest billions of dollars to build a ... (more)
Tags: blocking
sues
harbinger
lightsquared
UPDATE 1-JPMorgan, funds to own LightSquared under bankruptcy exit plan
2014-07-01 21:49:24| Agriculture - Topix.net
Bankrupt wireless venture LightSquared on Tuesday revealed a new restructuring proposal that would cede 74 percent of its equity to a new investor group that includes JPMorgan Chase & Co, Cerberus Capital Management and Fortress Investment Group.
LightSquared reaches bankruptcy deal; mediator blasts Ergen
2014-06-28 07:36:43| Food - Topix.net
Wireless venture LightSquared has reached a deal to end its Chapter 11 bankruptcy, but its largest creditor, satellite operator Charles Ergen, is not on board and "wasted the parties' time," according to a report from the court-appointed mediator.
Tags: deal
bankruptcy
reaches
mediator
Philip Falcone Tells FCC He's Leaving LightSquared Board
2014-06-19 12:02:29| Agriculture - Topix.net
Hedge-fund founder Philip Falcone resigned from the board of LightSquared Inc., the bankrupt wireless-spectrum owner he has tried to build into a rival to U.S. mobile providers.
Tags: board
leaving
tells
philip
UPDATE 4-U.S. judge rejects LightSquared plan, orders new talks
2014-05-09 06:05:37| Agriculture - Topix.net
A U.S. bankruptcy judge ordered LightSquared and its chief creditor, satellite owner Charles Ergen, to discuss a settlement after she refused to approve the wireless provider's plan to exit its two-year bankruptcy.
Tags: plan
update
orders
judge
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