Dish Chairman Slams Harbinger's $4B Suit Over LightSquared
By Maria Chutchian
Law360, New York (September 10, 2013, 2:08 PM ET) -- Dish Network LLC's billionaire chairman Charlie Ergen on Monday fired back at the $4 billion lawsuit brought by Philip Falcone's Harbinger Capital Partners LLC, saying the complaint is a transparent ploy to keep him from acquiring $2 billion in assets of Harbinger's bankrupt startup LightSquared Inc.
In a motion to dismiss the adversary proceeding, Ergen, Dish and several other Ergen-owned entities claim Harbinger has no standing for its claims of fraud. Instead, they argue, the hedge fund is trying to maintain control of LightSquared by keeping...