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LightSquared's bankruptcy is a cautionary tale

Stephen Lawson | May 16, 2012
After more than a year of active testing and debate over LightSquared's plan for a nationwide, wholesale 4G network, the now bankrupt company may end up as no more than a cautionary tale for mobile investors.

A lawsuit against the FCC is likely, according to Farrar. However, that suit would be hard and could backfire if the agency found evidence that LightSquared pursued its network plan knowing it would lead to interference.

"I think it's a very risky strategy," Farrar said.


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