TAG: bankruptcy

Judge Rules Against LightSquared in Claims Against GPS Firms

February 9, 2015By

A U.S. judge dismissed the bulk of two lawsuits by LightSquared and equity owner Harbinger Capital Partners, reports Reuters. The suits accused Trimble, Garmin and Deere & Co. of misleading them about interference concerns and hastening the company’s fall into bankruptcy. In an opinion issued Feb. 5 in Manhattan federal court, Judge Richard Berman threw out Harbinger’s lawsuit, and denied nine of... read more

LightSquared Bankrupt, But Spectrum Void Still Beckons

May 15, 2012By

By Alan Cameron. LightSquared, the company that mounted a powerful threat to GPS signals, declared bankruptcy on May 14, after losing a lengthy struggle in the court of the Federal Communications Commission (FCC) with the GPS industry, the U.S. military (behind the scenes), the Federal Aviation Administration, and many other GPS users. However, the vacuum into which Lightsquared sought to... read more

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