Ahuja

August 3, 2012 - 2:45am

For LightSquared founder Philip Falcone, a man who has seen his 2008 assets of $28 billion dwindle to less than $5 billion today, having the Securities and Exchange Commission hound him for mishandling the payment of his 2009 personal federal and state taxes of $113 million must be a bit irksome.

March 6, 2012 - 6:00pm

Despite last month’s conclusion by the National Telecommunications and Information Administration (NTIA), a joint panel of nine federal agencies, that LightSquared’s plan for a 4G broadband system could not coexist with GPS and should therefore be folded by March 2, the company appealed to the FCC for a 30-day extension to prove its concept is still valid.

 
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