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US investor lawsuit over Harbinger's LightSquared is dismissed

2015-03-31 01:30:20| Agriculture - Topix.net

A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks. Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives Conference in Las Vegas, Nevada May, 9, 2012.

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