IG Nixes LightSquared's Conflict Claims Over NASA Talks

Law360, New York (August 2, 2012, 10:37 PM EDT) -- NASA's inspector general on Thursday largely rejected conflict of interest allegations brought by hedge fund billionaire Philip Falcone that stemmed from an advisory panel’s consideration of his bankrupt telecommunications company’s proposed broadband network.

The report, released by NASA Inspector General Paul K. Martin, said that Space-Based Position, Navigation and Timing Advisory Board Vice Chairman Bradford Parkinson improperly signed an August 2011 letter opposing LightSquared Inc.’s request for conditional approval of its proposed network, but his participation that June in a discussion of the proposal was not...
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