Billionaire and would-be 4G entrepreneur Philip Falcone has accepted an SEC settlement requiring him sit out the hedge fund industry for five years. In exchange he gets to keep control of… Read more »
Hours away from defaulting on debt, LightSquared filed for bankruptcy protection. The company has said it would use the shelter of Chapter 11 to buy time in its fight to build… Read more »
LightSquared is preparing for a potential bankruptcy filing on Monday as it has made little progress in its negotiations with debtholders. If LightSquared does enter into bankruptcy it might find Dish… Read more »
Carl Icahn has been quietly buying up LightSquared’s debt a rock bottom prices, which would put the activist investor in position to take over the company in the increasingly likely event… Read more »