Falcone Sees LightSquared Bankruptcy as an Option

Falcone Sees LightSquared Bankruptcy as an Option Play

April 5 (Bloomberg) -- Bloomberg's Betty Liu reports that billionaire Phil Falcone said he may consider voluntary bankruptcy for LightSquared Inc., the broadband wireless venture majority owned by his hedge fund that has been derailed by regulators. She speaks on Bloomberg Television's "In The Loop."

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