[aprssig] LightSquared investors sue GPS industry

[david vanhorn]

Yes, but if you can promote millions from investors, that pays your lavish
salary as long as you can draw out the fight.

I particularly liked the part where they accused the GPS users of using
their spectrum!


On Sat, Aug 24, 2013 at 12:49 PM, Steve Noskowicz <noskosteve at yahoo.com>wrote:

>
> This article is hilarious!******
>  When I heard that the FCC allowed them to continue to investigate the
> system, way back when, I said any kindergarten level engineer knew it
> never should have gotten past the:     "Hey! Maybe we could...?  Naw.
> Never mind! It won't work."  stage.
>
> Sent from my KnightKit Crystal Set.
> --
> 73, Steve, K9DCI   USN (Vet)  MOT (Ret)  Ham (Yet)
>
> I served during the cold war, so you can continue to be served a cold one.
>
>
>   *From:* Bob Burns W9BU <w9bu_lists at rlburns.net>
> **
> Just when you thought the LightSquared situation was over, Harbinger
> Capital Partners, and other investors who backed LightSquared, has
> filed a $1.9 billion (yes, billion with a "b") lawsuit against Deere
> & Company, Garmin International, and Trimble Navigation, plus the
> U.S. GPS Industry Council and the Coalition to Save Our GPS.
>
> You can read more about the suit here:
>
> http://www.insidegnss.com/node/3664
>
> Trimble has already announced that they will "vigorously" defend the suit.
>
> Harbinger has also sued Dish Network Corp. and its chairman Charlie
> Ergen for $4 billion over allegedly improper purchases of
> LightSquared debt. Ergen reportedly bid over $2 billion last month to
> buy LightSquared.
>
> LightSquared filed for reorganization under Chapter 11 of the U.S.
> Bankruptcy Code in May 2012.
>
> Bob...
>
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