LightSquared Creditors Seek Permission To Go After Mrs. Phil Falcone’s Shoe Collection
January 9, 2013 - 6:09pm
Remember Phil Falcone? Hedge fund manager about yea high? Cuts his hair like he’s still playing professional hockey? Is betting the farm on a company called LightSquared that “seeks to create connectivity for all” but in doing so might “cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation” and filed for Chapter 11 bankruptcy last May? Anyway, LightSquared’s creditors were in court today asking for the right to go after Big Phil/Harbinger, who they believe screwed them big time.
Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Hail Mary estimates, Harbinger Capital Partners, Lawsuits, LightSquared, one hundred...billion...dollars, Phil Falcone, Wilbur Falcone
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