/// Falcone Agrees To Step Aside

April 30, 2012  |  All Things Digital

Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, a concession that may keep the wireless-telecommunications company from defaulting on its debt, people familiar with the negotiations said. Mr. Falcone’s compromise is expected to prompt LightSquared’s lenders to approve a one-week extension on a debt-term violations waiver that expires Monday morning, the people said. Read the rest of this post on the original site

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Falcone Agrees To Step Aside

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