LightSquared Looks to Lawyers

Fri, 02/17/2012 - 01:01 EDT - WSJ Europe

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Philip Falcone has hired lawyers to map out a strategy to overcome a regulator's decision blocking the launch of wireless network start-up LightSquared.

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LightSquared Looks to Lawyers
Philip Falcone has hired lawyers to map out a strategy to overcome a regulator's decision blocking the launch of wireless network start-up LightSquared.
LightSquared Asks FCC to OK on New Technology Plan
LightSquared., the wireless venture controlled by hedge-fund manager Philip Falcone, wants regulatory approval for a plan it believes will overcome the technical problems that have postponed its launch of a next-generation network and tipped the company into bankruptcy protection.
LightSquared creditors eye equity, Falcone may cut role
NEW YORK (Reuters) - LightSquared creditors are pushing for Philip Falcone's Harbinger Capital Partners to reduce its ownership stake in the money-losing telecommunications start-up as they extend talks to avoid declaring a loan default that would result in bankruptcy. Falcone has told creditors he could reduce his own role in LightSquared if they hold off on declaring a loan default. On Sunday, Falcone and LightSquared creditors agreed to delay a default notice on a $1.6 billion loan for at least a week as they continue their talks. ...
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LightSquared creditors eye equity, Falcone may cut role
NEW YORK (Reuters) - LightSquared creditors are pushing for Philip Falcone's Harbinger Capital Partners to reduce its ownership stake in the money-losing telecommunications start-up as they extend talks to avoid declaring a loan default that would result in bankruptcy.

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LightSquared Looks to Lawyers

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