Falcone's Exit Portends Peace For LightSquared

By Maria Chutchian (June 26, 2014, 7:07 PM EDT) -- LightSquared Inc.'s bankruptcy has been long, unpredictable and extremely contentious, but the recent departure of the man driving much of the conflict, Philip Falcone, from the company's board suggests that a resolution could be just around the corner.

Falcone — who owns Harbinger Capital Partners LLC, the controlling shareholder of LightSquared — has spent the two-year-long bankruptcy fighting to stay in control of the telecommunications company, which he insists will be worth billions once it receives federal regulatory approval to license certain wireless spectrum.

Falcone has battled with Dish Network Corp. Chairman Charlie Ergen for control of LightSquared for the past...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!