Jump to content


Welcome to DBSTalk


Sign In 

Create Account
Welcome to DBSTalk. Our community covers all aspects of video delivery solutions including: Direct Broadcast Satellite (DBS), Cable Television, and Internet Protocol Television (IPTV). We also have forums to discuss popular television programs, home theater equipment, and internet streaming service providers. Members of our community include experts who can help you solve technical problems, industry professionals, company representatives, and novices who are here to learn.

Like most online communities you must register to view or post in our community. Sign-up is a free and simple process that requires minimal information. Be a part of our community by signing in or creating an account. The Digital Bit Stream starts here!
  • Reply to existing topics or start a discussion of your own
  • Subscribe to topics and forums and get email updates
  • Send private personal messages (PM) to other forum members
  • Customize your profile page and make new friends
 
Guest Message by DevFuse

Photo

Harbinger sues Dish, Ergen for $1.5 billion over LightSquared


  • Please log in to reply
6 replies to this topic

#1 OFFLINE   Athlon646464

Athlon646464

    Hall Of Fame

  • News Hound
  • 3,045 posts
  • LocationUxbridge, MA
Joined: Feb 23, 2007

Posted 09 July 2014 - 10:54 AM

Harbinger sues Dish, Ergen for $1.5 billion over LightSquared
 
(CNBC) - July 9 (Reuters) - Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared.
 
Dish and Ergen engaged in "an illegal scheme involving mail and wire fraud, bankruptcy fraud, tortious interference, and abuse of process," said the complaint. "Defendants wrongfully and deceptively created chaos in the bankruptcy proceedings so that Harbinger would lose control of the LightSquared board."...
 
 
dbpix-falcone-tmagArticle.jpg
Philip A. Falcone, chief executive of the hedge fund Harbinger Capital Partners.Credit Brendan Mcdermid/Reuters

1 HR34-700, 1 C31-700, 1 C41W-100, 1 WVBR0-01, 1 HR24-500

Original install on Apr. 20, 2008 - C41W & WVB self installed on Dec. 27, 2014 - HR34 & C31 installed on Aug. 24, 2013 - HR24 installed on July 23, 2010

Press any key to continue, or any other key to cancel.


...Ads Help To Support This Site...

#2 OFFLINE   yosoyellobo

yosoyellobo

    Icon

  • Registered
  • 2,356 posts
  • LocationJacksonville Fl
Joined: Nov 01, 2006

Posted 09 July 2014 - 11:01 AM

I would never sue anybody for less than a billion.
  • Laxguy likes this

#3 OFFLINE   Nick

Nick

    Keep going - don't give up!

  • DBSTalk Club
  • 21,496 posts
  • LocationThe Beautiful Golden Isles of Georgia
Joined: Apr 23, 2002

Posted 09 July 2014 - 12:05 PM

I would never sue anybody for less than a billion.

 

i agree, but a billion here, a billion there and pretty soon we're talkin' real money!


.


~ 13 Years on DBSTalk ~
Charter Gold Club Member
DBSTalk Club ~ 21k Club
Top 10 Poster

.


#4 OFFLINE   tonyd79

tonyd79

    Hall Of Fame

  • Registered
  • 12,955 posts
  • LocationColumbia, MD
Joined: Jul 24, 2006

Posted 09 July 2014 - 02:09 PM

I don't often get sued but when I do, I make sure it is for big money.


LR: HR34-700, H24-200, Fios DVR, BD350 Blu Ray, Roku Netflix Player, Chromecast, Sony 65w850 TV
BR: HR21-200, Viso 32LX, DB350 Blu Ray
Dish: Slimline, SWM8
Other: genieGo

#5 OFFLINE   harsh

harsh

    Beware the Attack Basset

  • Registered
  • 21,192 posts
  • LocationSalem, OR
Joined: Jun 14, 2003

Posted 09 July 2014 - 02:43 PM

Looks like someone was caught sleeping on the job and wants the government to step in to cover them.

If Ergen et al are majority debtholders, it seems like they get first dibs on what is left.
Too often we enjoy the comfort of opinion without the discomfort of thought. -- JFK

#6 ONLINE   phrelin

phrelin

    Hall Of Fame

  • Registered
  • 13,855 posts
  • LocationNorthern California Redwoods
Joined: Jan 18, 2007

Posted 18 July 2015 - 04:48 PM

According to this story:

 

According to the Wall Street Journal, Judge Elizabeth Gonzales of Clark County District Court in Las Vegas deferred the lawsuit to the special litigation committee of Dish Network. The decision of the judge means she will approve any future request from the company to dismiss the case.

 

Dish Network’s special litigation committee already made a decision that the shareholders’ lawsuit company should be dismissed....

 

The story also mentions:
 

 Aside from the shareholders’ lawsuit, Dish Network and/or Mr. Ergen faced several charges related to LightSqured. Mr. Falcone’s Hrbinger Capital Partners filed a racketeering case against the company and Mr. Ergen.

 

A judge in Colorado dismissed the case in April, but it can be refiled in a different venue.

 

I'm sure the battle will continue, however.


"In a hundred years there'll be a whole new set of people."
"Always poke the bears. They sleep too much for their own good."

"If you're good enough, they'll talk about you." - Tom Harmon
A GEEZER who remembers watching TV in 1951 and was an Echostar customer from 1988 to 2008, now a Dish Network customer.
My AV Setup
My Slingbox Pro HD Experience
My Blog: The Redwood Guardian


#7 OFFLINE   Laxguy

Laxguy

    Honi Soit Qui Mal Y Pense.

  • DBSTalk Club
  • 15,121 posts
  • LocationWinters, CA, between Napa and Sacramento
Joined: Dec 02, 2010

Posted 18 July 2015 - 10:38 PM

i agree, but a billion here, a billion there and pretty soon we're talkin' real money!

Thank you, Senator Stevenson!


"Laxguy" means a guy who loves lacrosse.




Protected By... spam firewall...And...