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Posts Tagged ‘LightSquared’

By Nick Brown NEW YORK (Reuters) – Phil Falcones Harbinger Capital Partners, which controls bankrupt satellite company LightSquared, has asked a judge to reject a takeover effort by Dish Network Corp, saying its $2.2 billion bid for a chunk of LightSquareds spectrum is a Trojan horse. In a court filing on Thursday, Harbinger said the […]

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(Reuters) – U.S. wireless communications company LightSquared proposed exiting bankruptcy with financing from $2.75 billion in fresh loans and an equity investment of at least $1.25 billion, according to court documents. The plan is backed by Fortress Investment Group, Melody Capital Advisors, JPMorgan Chase & Co and Harbinger Capital Partners, according to papers filed in […]

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By Nick Brown NEW YORK (Reuters) – Bankrupt LightSquared on Friday sued leaders in the GPS industry, including Deere & Co and Garmin International Inc, saying they kept mum about interference concerns stemming from LightSquared’s wireless network until the company had already pumped $4 billion into building it. In a 65-page lawsuit in U.S. Bankruptcy […]

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