LightSquared Creditors Want Anti-Bankruptcy Provisions, Falcone Out

Apr 30 2012 | 2:37pm ET

LightSquared has many problems, but creditors of the wireless Internet venture backed by Harbinger Capital Management are focused on one: Harbinger founder Philip Falcone.

LightSquared and its lenders are discussing a one-week extension under which the latter would agree not to make a default declaration against the company.


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