LightSquared filed for Chapter 11 bankruptcy protection Monday in U.S....
LightSquared filed for Chapter 11 bankruptcy protection Monday in U.S. Bankruptcy Court for the Southern District of New York. The company pointed to the dispute over GPS signals as a major reason for the filing. Still, the company will “vigorously…
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defend their rights in the ongoing 2012 Public Notice process, while simultaneously pursuing a resolution with the FCC and other federal government agencies that will permit it to deploy its terrestrial network -- a process that may last up to two years,” according to a bankruptcy filing from Marc Montagner, LightSquared’s chief financial officer (http://xrl.us/bm7t95).