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.
Fidelity & Guaranty Life, the insurer owned by Philip Falcone’s Harbinger Group Inc., added Jefferies Group LLC as an underwriter for its initial public offering after the bank took a stake in Harbinger Group.
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.
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, sued GPS manufacturers over claims their misrepresentations about the flawed designs of their products forced LightSquared into bankruptcy.