Thursday, April 5, 2012

Exclusive: Falcone mulls voluntary bankruptcy for - Finance Dot Com

NEW YORK (Reuters) ? Hedge fund manager Philip Falcone said in an interview on Wednesday he is ?seriously considering? filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner. Falcone said a bankruptcy is one of several options he is considering as he tries to find a way to salvage the company, which reported a $427 million net loss during the first nine months of 2011, and keep its creditors at bay. ?

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