Remember LightSquared? Company that “seeks to create connectivity for all” but in doing so might “cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation”? Filed for Chapter 11 bankruptcy in May 2012? Passion project of investor Philip Falcone, on which he bet the farm? The thing Falcone said he was […]
Lightsquared, come on down.
“I believe putting these issues behind me now is the best course of action for me and our investors,” Falcone said in a statement. The fallen hedgie said the deal will allow him to focus on his publicly traded entity, Harbinger Group, and his wireless venture LightSquared, which is struggling to emerge from bankruptcy. [NYP, […]