Falcone's LightSquared Files for Bankruptcy

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May 15 (Bloomberg) -- In today's "Movers & Shakers" Bloomberg's Deirdre Bolton reports that LightSquared Inc. filed for bankruptcy, saying it will seek to resolve the concerns of U.S. regulators who thwarted the company’s plan to deliver high-speed wireless to as many as 260 million people. She speaks on Bloomberg Television's "In The Loop."