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 »
LightSquared’s lenders view the company’s CEO and principle financial backer Philip Falcone as the biggest threat to whatever remains of LightSquared’s chances to get its nationwide LTE network. To remove that… Read more »
But we also saw some new developments in recent months. Android tablets began to steal market share from Apple’s iOS, thanks largely to the success of Amazon’s Kindle Fire. And the… 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 »
LightSquared isn’t just fighting the government and the GPS industry for the right to build its nationwide LTE network; it’s also fighting the clock. In a financial statement released to Reuters,… Read more »