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Topic - Lightsquared Inc.
A billionaire hedge-fund manager whose largest investment —a Reston startup wireless phone network — filed for bankruptcy last month has been charged by the Securities and Exchange Commission with misappropriation of client assets, market manipulation and betraying clients.
LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection Monday.
The ambitious plans of Reston-based tech firm LightSquared, Inc. to build a $14 billion new nationwide mobile data and phone network are in limbo after the abrupt resignation this week of the company's boss on the heels of a major regulatory setback.
Reston-based LightSquared Inc. vowed Wednesday to continue its fight to establish a national wireless broadband network, a day after federal regulators ruled its plan posed too great a danger to existing defense, aviation and GPS networks.
"Good fences make good neighbors." No matter how well you get along with the neighbor next door, it's good to know where his property ends, and yours begins.