[aprssig] LightSquared investors sue GPS industry

MJ Inabnit ke6sls at arrl.net
Sat Aug 24 20:31:32 CDT 2013


sounds like history rewinding itself with evil corporations.  SCO VS IBM 
bs.  May they bankrupt rapidly.

73

On 08/24/2013 08:39 AM, Bob Burns W9BU wrote:
> Just when you thought the LightSquared situation was over, Harbinger 
> Capital Partners, and other investors who backed LightSquared, has 
> filed a $1.9 billion (yes, billion with a "b") lawsuit against Deere & 
> Company, Garmin International, and Trimble Navigation, plus the U.S. 
> GPS Industry Council and the Coalition to Save Our GPS.
>
> You can read more about the suit here:
>
> http://www.insidegnss.com/node/3664
>
> Trimble has already announced that they will "vigorously" defend the 
> suit.
>
> Harbinger has also sued Dish Network Corp. and its chairman Charlie 
> Ergen for $4 billion over allegedly improper purchases of LightSquared 
> debt. Ergen reportedly bid over $2 billion last month to buy 
> LightSquared.
>
> LightSquared filed for reorganization under Chapter 11 of the U.S. 
> Bankruptcy Code in May 2012.
>
> Bob... 


-- 

wishing you well
Jaye, ke6sls--via the acer w/thunderchicken3



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