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    LightSquared Lenders Pressure Falcone

    Fri, 04/27/2012 - 09:28 EDT - WSJ Europe
    • PAID
    • RDF10

    Some of LightSquared's lenders are pressing hedge-fund manager Philip Falcone to step aside as the public face of the wireless communications firm as a condition for avoiding a debt default.

    • Original article
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    • LightSquared Lenders Pressure Falcone

      Some of LightSquared's lenders are pressing hedge-fund manager Philip Falcone to step aside as the public face of the wireless communications firm as a condition for avoiding a debt default.

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      Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc.

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      The clock is ticking for hedge fund manager Philip Falcone to reach a deal by Monday morning with debt holders of LightSquared, the upstart wireless telecom controlled by Falcone's Harbinger Capital, or ...

    • Deadline looms for Falcone on LightSquared control

      NEW YORK (Reuters) - The clock is ticking for hedge fund manager Philip Falcone to reach a deal by Monday morning with debt holders of LightSquared, the upstart wireless telecom controlled by Falcone's Harbinger Capital, or face a possible bankruptcy.

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      NEW YORK (Reuters) - Hedge fund manager Philip Falcone will face a united front when negotiating with key investors that own bank debt sold by LightSquared, the money-losing wireless telecom company controlled by his fund.

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