Source: http://feeds.ziffdavisenterprise.com/~r/RSS/eweekwireless/~3/OOvYBBQoZT8/
Friday, 18 May 2012
LightSquared Files for Chapter 11 Bankruptcy in Bid to Buy Time
NEWS ANALYSIS: LightSquareds Chapter 11 bankruptcy petition will give it time to seek a solution for its failure to meet regulatory requirements, the company says. - LightSquared tried the business worlds version of a Hail Mary pass by filing for Chapter 11 bankruptcy protection from its creditors. According to a statement released by the company, LightSquared needs time to resolve regulatory issues that have plagued the company since it first received condition...
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