Posted on 05/15/2012 7:36:22 AM PDT by libstripper
LightSquared filed for bankruptcy on Monday after failing to negotiate a last-minute deal with its lenders to avoid default.
Under the Chapter 11 bankruptcy protection, LightSquared has sought the company will have an opportunity to restructure itself. The move gives the company and its principal financier, hedge fund magnate Phil Falcone, some running room to devise a new path forward after regulatory setbacks.
(Excerpt) Read more at politico.com ...
Interesting. Politico doesn’t mention that LightSquared received stimulus money from Obama.
Can someone list the companies who received money from Obama but failed anyway?
Without knowing the details I bet that some liberal Obama supporters made money and the taxpayers got robbed.
Any takers?
Individual Contributions Arranged By Type, Giver, Then Recipient
Contributions to Political Committees
AHUJA, SANJIV
NEW YORK, NY 10022
LIGHTSQUARED
LIGHTSQUARED INC POLITICAL ACTION COMMITTEE (LIGHTSQUARED PAC)
10/12/2010 5000.00 10992308215
ALIANI, MAQBOOL
FAIRFAX, VA 22030
LIGHTSQUARED/VICE PRESIDENT TECHN
SHERMAN, BRAD
VIA SHERMAN FOR CONGRESS
07/18/2010 500.00 11930570167
03/18/2011 500.00 11930703780
CARLISLE, JEFF
BETHESDA, MD 20817
LIGHTSQUARED LP/EVP, REGULATORY A
LIGHTSQUARED INC POLITICAL ACTION COMMITTEE (LIGHTSQUARED PAC)
09/07/2010 4760.00 10991237999
CARLISLE, JEFFREY J
BETHESDA, MD 20817
LIGHTSQUARED/EXECUTIVE VICE PRESI
MCCASKILL, CLAIRE
VIA MCCASKILL FOR MISSOURI 2012
02/16/2011 1000.00 11020153633
MEHLMAN, AMY
BETHESDA, MD 20817
LIGHTSQUARED/EXECUTIVE
WICKER, ROGER F
VIA WICKER FOR SENATE
06/24/2011 1000.00 11020302187
WIENER, SCOTT
WASHINGTON, DC 20007
LIGHTSQUARED LP/TELECOMMUNICATION
BOOCKVAR, KATHRYN
VIA BOOCKVAR FOR CONGRESS
04/01/2012 2000.00 12951384339
Total Contributions: 14760.00
TRY A: NEW QUERY
RETURN TO: FEC HOME PAGE
Individual Contributions Arranged By Type, Giver, Then Recipient
Contributions to Political Committees
FALCONE, PHIL
NEW YORK, NY 10282
SELF-EMPLOYED
NEW YORK MERCANTILE EXCHANGE POLITICAL ACTION COMMITTEE
08/19/2003 2000.00 24962096337
FALCONE, PHIL MR.
NEW YORK, NY 10282
SELF EMPLOYED
NEW YORK MERCANTILE EXCHANGE POLITICAL ACTION COMMITTEE
07/09/2004 1000.00 24981795935
06/21/2005 1000.00 26930119612
FALCONE, PHILIP
BRIDGEPORT, CT 06606
SELF/OPHTHALMOLOGIST
AMERICAN ACADEMY OF OPHTHALMOLOGY INC POLITICAL COMMITTEE (OPHTHPAC)
07/10/2008 500.00 28933373717
FALCONE, PHILIP
EASTON, CT 06612
SELF/PHYSICIAN
REPUBLICAN NATIONAL COMMITTEE
10/17/2008 250.00 29991808183
FALCONE, PHILIP
NEW YORK, NY 10021
SPECTER, ARLEN
VIA CITIZENS FOR ARLEN SPECTER
07/17/2010 -2300.00 10020814461
TOOMEY, PATRICK J
VIA PRO-GROWTH ACTION TEAM
05/25/2004 -1000.00 24020532564
04/30/2006 1000.00 26950101190
FALCONE, PHILIP
NEW YORK, NY 10021
HARBINGER CAPITAL PARTNERS/FINANC
DURBIN, RICHARD J
VIA FRIENDS OF DICK DURBIN COMMITTEE
11/08/2007 2300.00 28020012240
11/08/2007 2300.00 28020012240
FALCONE, PHILIP
NEW YORK, NY 10021
HARBINGER CAPITAL/SENIOR MANAGING
COLEMAN, NORM
VIA COLEMAN FOR SENATE 08
04/04/2008 4600.00 28020353066
04/17/2008 -2300.00 28020353066
04/17/2008 2300.00 28020353066
FALCONE, PHILIP
NEW YORK, NY 10021
HEDGE FUNDS
TOOMEY, PATRICK J
VIA PRO-GROWTH ACTION TEAM
12/26/2003 5000.00 24020071354
12/30/2003 -2000.00 24020071355
12/30/2003 -1000.00 24020071354
12/30/2003 1000.00 24020071355
FALCONE, PHILIP
NEW YORK, NY 10021
INFORMATION REQUESTED
SPECTER, ARLEN
VIA CITIZENS FOR ARLEN SPECTER
10/15/2007 2300.00 28020324061
10/15/2007 2300.00 28020324060
FALCONE, PHILIP
NEW YORK, NY 10022
DODD, CHRISTOPHER J
VIA FRIENDS OF CHRIS DODD
02/22/2010 -2400.00 10020262763
NATIONAL REPUBLICAN SENATORIAL COMMITTEE
08/12/2008 -10000.00 28020472126
FALCONE, PHILIP
NEW YORK, NY 10022
HARBINGER CAPITAL PARTNERS/MANAGI
DODD, CHRISTOPHER J
VIA FRIENDS OF CHRIS DODD
06/25/2009 2400.00 29020223719
06/25/2009 2400.00 29020223719
FALCONE, PHILIP
WESTFIELD, NJ 07090
TREFFINGER, JAMES W
VIA JIM TREFFINGER FOR SENATE INC
12/19/2001 500.00 22020051892
FALCONE, PHILIP
WESTFIELD, NJ 07090
PAULUS SOKLOWSK AND SARTOR
GIULIANI, RUDOLPH W
VIA FRIENDS OF GIULIANI EXPLORATORY COMMITTEE
12/23/1999 1000.00 20020041811
FALCONE, PHILIP
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI & SARTOR
GORMLEY, WILLIAM L
VIA GORMLEY FOR SENATE PRIMARY ELECTION FUND
03/23/2000 1000.00 20020110653
NEW JERSEY REPUBLICAN STATE COMMITTEE
07/10/2000 2000.00 20036133584
FALCONE, PHILIP
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI & SARTOR/CONSUL
NEW JERSEY REPUBLICAN STATE COMMITTEE
11/05/2001 1000.00 22990205465
FALCONE, PHILIP
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI AND SARTOR/CONS
YOUNG, DONALD E
VIA ALASKANS FOR DON YOUNG INC.
04/25/2002 250.00 22991252121
FALCONE, PHILIP
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI SARTOR
TORRICELLI, ROBERT G
VIA TORRICELLI FOR U S SENATE INC
06/02/2000 1000.00 20020241994
06/02/2000 1000.00 20020241994
FALCONE, PHILIP
WESTFIELD, NJ 07090
THE SERENITY GROUP
TREFFINGER, JAMES W
VIA JIM TREFFINGER FOR SENATE INC
10/05/1999 1000.00 20020081173
FALCONE, PHILIP A
NEW YORK, NY 10021
GIULIANI, RUDOLPH W
VIA RUDY GIULIANI PRESIDENTIAL COMMITTEE INC
03/06/2008 -2300.00 28931892553
FALCONE, PHILIP A
NEW YORK, NY 10021
HARBINGER CAPITAL PARTNERS/SENIOR
SUNUNU, JOHN E
VIA TEAM SUNUNU
06/18/2007 2300.00 27020242376
06/18/2007 2300.00 27020242376
FALCONE, PHILIP A
NEW YORK, NY 10065
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE
09/03/2008 -20000.00 28020614208
FALCONE, PHILIP A
NEW YORK, NY 10065
HARBINGER CAPITAL
CRIST, CHARLIE
VIA CHARLIE CRIST FOR US SENATE
09/30/2009 2400.00 29020390191
FALCONE, PHILIP A
NEW YORK, NY 10065
HARBINGER CAPITAL PARTNERS/FINANC
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE
06/27/2008 28500.00 28020350928
09/30/2009 30400.00 29020423208
FALCONE, PHILIP A
WESTFIELD, NJ 07090
PAULUS SOKOLOWSI & SARTOR INC
FRANKS, ROBERT D
VIA BOB FRANKS FOR US SENATE INC
12/15/1999 1000.00 20020030553
08/02/2000 1000.00 20020342583
FALCONE, PHILIP A
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI &
SAXTON, H. J
VIA FRIENDS OF JIM SAXTON
07/17/2000 1000.00 20036252419
FALCONE, PHILIP A
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI & SARTOR
BUSH, GEORGE W
VIA BUSH FOR PRESIDENT INC.
07/19/1999 1000.00 99034850846
LAUTENBERG, FRANK R
VIA LAUTENBERG 2000 COMMITTEE
12/16/1997 1000.00 98020060548
FALCONE, PHILIP A
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI & SARTOR INC
WHITMAN, CHRISTINE TODD
VIA WHITMAN FOR US SENATE
06/21/1999 1000.00 99020071816
FALCONE, PHILIP A
WESTFIELD, NJ 07090
PAULUS, SOKOLOWSKI & SARTOR, LLC
MENENDEZ, ROBERT
VIA MENENDEZ FOR SENATE
04/16/2003 1000.00 24990655518
FALCONE, PHILIP A MR
NEW YORK, NY
HARBINGER CAPITAL/HARBERT MANAGEM
NATIONAL REPUBLICAN SENATORIAL COMMITTEE
06/27/2008 28500.00 28020370355
FALCONE, PHILIP A MR.
NEW YORK, NY 10021
DODD, CHRISTOPHER J
VIA CHRIS DODD FOR PRESIDENT INC
08/21/2008 -2300.00 28992233499
FALCONE, PHILIP A MR.
NEW YORK, NY 10021
HARBERT MANAGEMENT CORPORATION/FI
DODD, CHRISTOPHER J
VIA CHRIS DODD FOR PRESIDENT INC
06/28/2007 2300.00 27990240484
06/28/2007 2300.00 27990240485
FALCONE, PHILIP A.
NEW YORK, NY 10065
HARBINGER CAPITAL/FINANCE PROFESS
EMANUEL, RAHM
VIA FRIENDS OF RAHM EMANUEL
05/19/2008 2300.00 28932246476
FALCONE, PHILIP A.
WESTFIELD, NJ 07090
PAULUS SOKOLOWSKI & SARTOR LLC/CO
MENENDEZ, ROBERT
VIA MENENDEZ FOR SENATE
03/21/2002 1000.00 22990713736
FALCONE, PHILIP A. MR.
NEW YORK, NY 10021
HARBINGER CAPITAL MANAGEMENT CORP
GIULIANI, RUDOLPH W
VIA RUDY GIULIANI PRESIDENTIAL COMMITTEE INC
03/20/2007 2300.00 28931500875
06/30/2007 2300.00 28990961246
07/10/2007 -2300.00 28990597098
07/10/2007 2300.00 28990597098
FALCONE, PHILLIP
EASTON, CT 06612
INFORMATION REQUESTED
MURPHY, CHRISTOPHER SCOTT MR.
VIA COMMITTEE TO ELECT CHRIS MURPHY
06/21/2005 250.00 26940193326
FALCONE, PHILLIP A
NEW YORK, NY 10021
HARBERT MGT. CORP/HEDGE FUND MGR.
BUSH, GEORGE W
VIA BUSH-CHENEY ‘04 COMPLIANCE COMMITTEE INC.
11/08/2004 2000.00 25970095230
FALCONE, PHILLIP A MR.
NEW YORK, NY 10021
HARBINGER CAPITAL/PARTNER
REPUBLICAN NATIONAL COMMITTEE
04/20/2007 25000.00 27990080637
FALCONE, PHILLIP A. MR.
NEW YORK, NY 10021
HARBINGER CAPITAL/PARTNER
REPUBLICAN NATIONAL COMMITTEE
12/10/2007 3500.00 28990441699
Total Contributions: 140450.00
Joint Fundraising Contributions
These are contributions to committees who are raising funds to be distributed to other committees. The breakdown of these contributions to their final recipients may appear below
FALCONE, PHILIP A.
NEW YORK, NY 10021
HARBINGER CAPITAL/SENIOR MANAGING
COLEMAN MINNESOTA RECOUNT COMMITTEE
12/15/2008 12300.00 29990835998
FALCONE, PHILLIP
NEW YORK, NY 10065
HARBINGER CAPITAL/FINANCE
MINNESOTA-COLEMAN VICTORY COMMITTEE
10/29/2008 10000.00 28993396289
Total Joint Fundraising: 22300.00
Recipient of Joint Fundraiser Contributions
These are the Final Recipients of Joint Fundraising Contributions
FALCONE, PHILIP
NEW YORK, NY 10021
HARBINGER CAPITAL
COLEMAN, NORM
VIA COLEMAN FOR SENATE 08
01/08/2009 2300.00 29020171710
FALCONE, PHILIP
NEW YORK, NY 10065
HARBRINGER CAPITAL
REPUBLICAN PARTY OF MINNESOTA
11/11/2008 10000.00 29934685368
01/06/2009 10000.00 11930336435
Recipient Total: 22300.00
TRY A: NEW QUERY
RETURN TO: FEC HOME PAGE
I don’t believe they got any tax dollars, er, some of 0bama’s stash.
They were going to get access to numerous L-band radio frequencies that would have essentially rendered (signal overlap) all GPS signals useless due to their proximity and interference.
Political favors, etc. to a Rat at the expense of our National Defense.
It wasn’t until the DoD, in a unified front, testified to Congress and the FCC against them about the disastrous effects this company’s access would have had on our military capability, that it all came unraveled for them.
Once they were refused, they collapsed because they thought that 0bama and his jackals would make it happen.
Here’s a pretty good article on it...http://www.foxnews.com/scitech/2011/09/20/lightsquared-promises-tech-fix-to-save-gps/
Thanks for setting me straight! =)
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