LightSquared Files for Bankruptcy

By Reuters Staff .
Source: AWIN First .

LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. bankruptcy court in Manhattan. It has more than $1 billion of both assets and liabilities, according to the bankruptcy petition. The filing was expected ...

◄ Share this news!

Bookmark and Share


The Manhattan Reporter

Recently Added

Recently Commented