Latest News 2012 May LightSquared Files for Bankruptcy

LightSquared Files for Bankruptcy

LightSquared Inc. has reportedly filed for bankruptcy. According to reports, the business allegedly filed for Chapter 11 bankruptcy after struggling with concerns over U.S. regulators involved in the high-speed wireless business. It is reported that in the filing assets were listed at $4.48 billion while debt was listed at $2.29 billion.

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