[aprssig] LightSquared investors sue GPS industry
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.
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:
> Trimble has already announced that they will "vigorously" defend the
> 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 filed for reorganization under Chapter 11 of the U.S.
> Bankruptcy Code in May 2012.
wishing you well
Jaye, ke6sls--via the acer w/thunderchicken3
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