Fidelity & Guaranty Life, the insurer controlled by billionaire Philip Falcone’s Harbinger Group Inc., filed to raise as much as $185 million by selling a 17.2 percent stake in an initial public offering.
Charles Ergen knew that his relationship to Dish Network Corp. and EchoStar Corp. made it improper for him to buy up LightSquared Inc.’s debt, according to new allegations in a lawsuit filed against him.
Charlie Ergen, Dish Network Inc.’s chairman and controlling shareholder, can’t be excluded from the satellite TV company’s bid in LightSquared Inc.’s bankruptcy auction, a Nevada judge ruled in a shareholder lawsuit.
Dish Network Corp. Chairman Charles Ergen was accused in a lawsuit by Philip A. Falcone’s LightSquared Inc. of secretly buying debt in the bankrupt wireless company to lay the groundwork for a takeover.
Dish Network Corp. Chairman Charles Ergen can dismiss a lawsuit brought by Philip A. Falcone’s Harbinger Capital Partners LLC against him over how he bought debt in LightSquared Inc. and may face claims from the company itself, a judge said.
Fidelity & Guaranty Life Insurance Co., run by Philip Falcone’s Harbinger Group Inc., opted to be supervised by Iowa regulators after an investment plan was rejected by the company’s previous overseers in Maryland.
LightSquared Inc., Philip Falcone’s wireless spectrum company, still seeking alternative bids to the $2.22 billion cash offer from Charles Ergen’s Dish Network Corp. for its assets, has contacted more than 90 potentially interested parties.
LightSquared Inc., Philip Falcone’s wireless spectrum company, sued GPS manufacturers over claims their misrepresentations about the flawed designs of their products forced LightSquared into bankruptcy.