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LightSquared Looking to Lawyers

According to The Wall Street Journal Philip Falcone, the money manager of LightSquared has hired lawyers to overturn the FCC ruling. The hedge funds that own part of LightSquared's $1.6 billion in loans are also seeking advice on litigation. Lawyers are currently investigating a potential suit against the FCC, after the long standing issue with GPS interference. The future doesn't look good for LightSquared, but they plan to exhaust every possible method to get their 4G LTE network approved.