LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. ...
A startup backed by hedge-fund manager Philip Falcone that aimed to provide wholesale wireless service is reportedly preparing to file for bankruptcy protection.
Hedge fund manager Philip Falcone has joined the board of LightSquared, the cash-strapped company backed by his firm Harbinger Capital Partners, as he seeks a bigger role in the telecom startup whose chief ...
LightSquared, the troubled wireless communications venture backed by hedge-fund manager Philip Falcone, today filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code. The filing was made in Federal court in lower Manhattan. The filing was not a big surprise. The New York Times notes that bondholders had given LightSquared a deadline ...