Phil Falcone Is Just Going To Start Accusing Business Adversaries Of Being Gangsters

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]

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10 Responses to “Phil Falcone Is Just Going To Start Accusing Business Adversaries Of Being Gangsters”

  1. Guest says:

    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. guest says:

    nice glamour shot

  3. Name says:

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

  4. guest says:

    watch out Preet Bharara

  5. Perry Mason says:

    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. InfiniteGuest says:

    The tortious interference bit there is just gratuitously cruel.

  7. Semper Gumby says:

    When does he implement the phallus phalanx maneuver?

  8. Guest says:

    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. lmf says:

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