Harbinger Capital Partners: Judge Dismisses Most of LightSquared GPS Suit

By Joseph Checkler A federal judge has dismissed much of the lawsuit LightSquared and Harbinger Capital Partners filed against companies in the global-positioning-system industry but said LightSquared can proceed with claims that the GPS equipment interferes with LightSquared's network.Judge Richard M. Berman of U.S. District Court in Manhattan tossed most of the claims against the GPS companies, Garmin Ltd. and Trimble Navigation Ltd., as well as ones against Deere & Co., including one for unjust enrichment and another for breach of contract. All of Harbinger's claims are gone, while nine of 11 LightSquared ones were thrown out.In 2013, Philip Falcone's Harbinger, which owns LightSquared, sued the GPS companies and industry groups in federal court. Harbinger claimed it never would have made such a large investment in LightSquared--itThe post Judge Dismisses Most of LightSquared GPS Suit appeared first on iMarket Reports.