Philip Falcone’s Harbinger Capital Partners is again suing Dish Network Corp. DISH +0.78% and Chairman Charlie Ergen, this time under the federal racketeering statute. Harbinger is suing both Mr. Ergen and Dish for at least $1.5 billion, saying Mr. Ergen violated the Racketeer Influenced and Corrupt Organizations Act when he acquired the debt of LightSquared—the wireless venture controlled by Harbinger—as Dish was making a bid for the company. Harbinger says Mr. Ergen’s purchases caused it to lose money and control of the LightSquared board. Mr. Falcone and other Harbinger officials resigned from the board as part of negotiations for a bankruptcy court restructuring. “Ergen and his fellow RICO Enterprise members pursued their abusive scheme through wire, mail and bankruptcy fraud, abuse of process, tortious interference with contract, and obstruction of justice,” Harbinger lawyers said in a filing with U.S. District Court in Colorado. Under RICO, originally designed to prosecute organized crime, parties can seek more damages than is typically allowed. [WSJ, related]

10 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (10)

  1. Posted by Guest | July 9, 2014 at 12:47 PM

    In my professional opinion, this lawsuit will be just as successful as the one filed by the fat guy against ESPN and the Yankees for showing him asleep during the game.

    – Lionel Hutz, Esq.

  2. Posted by guest | July 9, 2014 at 12:48 PM

    nice glamour shot

  3. Posted by Name | July 9, 2014 at 12:59 PM

    Falcone is about to go triple upper decker on all of us

  4. Posted by guest | July 9, 2014 at 1:02 PM

    watch out Preet Bharara

  5. Posted by Perry Mason | July 9, 2014 at 1:05 PM

    Is this like a citizens arrest? Are Average Joes allowed to level RICO charges in civil suit or is it more of a criminal thing?

  6. Posted by InfiniteGuest | July 9, 2014 at 1:05 PM

    The tortious interference bit there is just gratuitously cruel.

  7. Posted by Semper Gumby | July 9, 2014 at 1:21 PM

    When does he implement the phallus phalanx maneuver?

  8. Posted by Guest | July 9, 2014 at 1:44 PM

    he's going to need all the litigation experience he gets if he ever tries to use his spectrum that would cause planes to fall out of the sky.

  9. Posted by guestt | July 9, 2014 at 5:11 PM

    citizens arrest being tried in kangaroo court, actually

  10. Posted by lmf | July 10, 2014 at 1:39 PM

    Loser…what is wrong w this man!??
    He needs to close shop..