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LightSquared Creditors Want Anti-Bankruptcy Provisions, Falcone Out

Mon, 30 Apr 2012 13:57:35 GMT

LightSquared has many problems, but creditors of the wireless Internet venture backed by Harbinger Capital Management are focused on one: Harbinger founder Philip Falcone.

LightSquared and its lenders are discussing a one-week extension under which the latter would agree not to make a default declaration against the company.

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