legion125 Posted February 19, 2012 Share Posted February 19, 2012 The life boats are beginning to launch and the finger pointing has begun. I wonder if Falcone feels like the Captain of the Costa Concordia. http://online.wsj.com/article/SB10001424052970204880404577229630056962766.html Harbinger Investors Sue Over LightSquared NEW YORK—Investors in Philip Falcone's Harbinger Capital Partners sued the fund and Mr. Falcone on Friday, saying the "all in" investment in wireless startup LightSquared Inc. squandered billions of dollars. The suit, filed in the Southern District of New York, said Mr. Falcone made "deceptive and misleading statements" by not disclosing that he intended to form the new wireless company, which was told this week by the Federal Communications Commission it couldn't operate its network because of Global Positioning System interference . 1 Quote Link to comment Share on other sites More sharing options...
S4GRU Posted February 19, 2012 Share Posted February 19, 2012 The life boats are beginning to launch and the finger pointing has begun. I wonder if Falcone feels like the Captain of the Costa Concordia. Except Falcone didn't bail on LS2...he is going down with his ship! S4GRU is now mobile...posted via Forum Runner Quote Link to comment Share on other sites More sharing options...
xcharles718 Posted February 19, 2012 Share Posted February 19, 2012 This will be interesting to watch. I wonder how successful they will be with the attempted spectrum swap with the DoD. Who are the opposition to the spectrum swap? Quote Link to comment Share on other sites More sharing options...
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