Both Sides Now: Harbinger, LightSquared, GPS Interference, and Lawsuits
No sooner had the Wall Street Journal published an article today (Feburary 17, 2012) about Harbinger Capital hiring lawyers to consider suing the Federal Communications Commission (FCC) over the agency’s latest action on LightSquared, but its principal now finds himself the subject of class action suit.
A New York City law firm today filed a class action lawsuit against Philip Falcone and his Harbinger Capital LLC on behalf of the hedge fund’s limited partners, citing the Falcone’s investment in LightSquared Subsidiary LLC.
By Inside GNSS