LightSquared Stockholder Floats Rival Ch. 11 Plan
By Matt Chiappardi ( February 26, 2015, 5:38 PM EST) -- LightSquared Inc. creditor and preferred stockholder Solus Alternative Asset Management LP floated a rival Chapter 11 plan Thursday along with $742 million in debtor-in-possession financing to compete with the debtor's reorganization strategy supported by its controlling stakeholder, Phillip Falcone's Harbinger Capital Partners LLC....
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