From this point forward, you're going to need a fight card to keep up with events taking place over in the LightSquared Arena. Here's an update:
December 9th, 2011: Bloomberg News reports a second round of Federal Communication Commission (FCC) mandated interference tests confirmed LightSquared's broadband system would disrupt the signal to 75% of GPS units. Go here.
December 10th, 2011: The Wall Street Journal reports LightSquared's financier, Minnesota youth hockey prodigy, Philip Falcone, is being threatened with possible civil-fraud charges by the U.S. Securities and Exchange Commission (SEC). Go here.
December 12th, 2011: Bloomberg News article fills in the details of the SEC investigation into Mr. Falcone and Harbinger Capital Partners. Go here.
December 12th, 2011: CEO of LightSquared, Sanjiv Ahuja, fires off a letter to Department of Defense Deputy Under Secretary Ashton Carter and Department of Transportation Under Secretary John Porcari (interference testing leads), demanding an investigation into the information leaked to Bloomberg News on December 9th. Go here for the letter.
December 14th, 2011: The report on the second round of interference testing is due to the Executive Committee overseeing testing.
Comment: Get Reeeaddy to RUMMMBLLLEEEE! More background information on this situation can be found in the following previous posts on this blog:
- September 19, 2011: LightSquared Turns Into a Political Dogfight
- September 13, 2011: Congressional Hearings Into LightSquared Interfernce with GPS
- July 20, 2011: Comments From the LightSquared Discussion Panel at the ESRI Survey Summit
- July 12, 2011: The LightSquared Battle Heats Up
- July 8, 2011: LightSquared GPS Update
- June 16, 2011: More on LightSquared