Wednesday, July 30, 2014

LightSquared Owner Sues U.S.

Well, its been a little over a year since we last checked in on the never ending brawl between LightSquared and the U.S. Government. In this update, we find LightSquared's owners, Harbinger Capital Partners, filing suit against the United States in the U.S. Court of Federal Claims in Washington, D.C., and Harbinger top man and Minnesota hockey phenom Phil Falcone relegated to the bench. The update and some history about this battle over GPS spectrum can be found below:

(Inside GNSS, July 14, 2014)

(EPC Updates, May 13, 2013

(EPC Updates, March 19, 2012)

Comment: Hmmmmmm. Benching your star player as you go into overtime is probably a "harbinger" of bad things to come for LightSquared.

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