probably so... that is what happened
The idea behind LightSquared is good, but the devil was in the details, specifically the spectrum. The bottom line is that this should have been squared (pun intended) away before the major investments in systems and equipment. The failure comes back on the FCC for not putting its foot down at the get-go and on the company for not addressing this issue at the beginning. If it can be fixed by changing spectrums without adversely impacting other users, fine. Otherwise, they do what I do when making a bad investment, and that is to live with it.