Thursday, 20 July 2017

Falcone lawsuit dismissed as LightSquared prepares Chapter 11 exit

By Mary Lennighan, Total Telecom
Tuesday 31 March 15

Ergen gets $1.5 billion payout from new restructuring plan; mobile broadband firm's CEO looks forward to getting back to work.

A New York judge on Monday dismissed a lawsuit brought by a group of Harbinger Capital Partners investors who accused the hedge fund and its founder Philip Falcone of misleading them about the risks of buying into mothballed satellite and LTE network operator LightSquared. The judge ruled that some of the class action group's claims did not prove that Harbinger Capital and Falcone failed in their duty to investors…

A New York judge on Monday dismissed a lawsuit brought by a group of Harbinger Capital Partners investors who accused the hedge fund and its founder Philip Falcone of misleading them about the risks of buying into mothballed satellite and LTE network operator LightSquared. The judge ruled that some of the class action group's claims did not prove that Harbinger Capital and Falcone failed in their duty to investors…

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