Bankrupt LightSquared sues Deere & Co, GPS industry titans
By Nick Brown
Fri Nov 1, 2013 6:53pm EDT
NEW YORK (Reuters) - Bankrupt LightSquared on Friday sued leaders in the GPS industry, including Deere & Co and Garmin International Inc, saying they kept mum about interference concerns stemming from LightSquared's wireless network until the company had already pumped $4 billion into building it.
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I especially like this snippet: "The lawsuit alleges that the only reason the interference concerns exist is that the GPS devices encroach upon the spectrum that LightSquared is licensed to operate."
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has been around for about a year now.
Lightsquared used their political influence to get the frequency allotment despite complaints from the GPS industry. They still failed & deserved it, but they never give up trying to make money any way they can.
LightSquared is the result of the administration trying to make "All God's children need broadband" number one on the FCC's hit parade.
The company sounds like they are staffed by a bunch of cry babies ... and can't take no for an answer.
Its all about money! Those managers all have a bunch of money in the company. They tried to pull a fast one, got caught and now they're trying to recover at least some of their investment any way the can.
Agreed. Greedy little people!
They were workin political angles and the politicians led them on until pressure from DoD and civil navigation interests became unbearable.
Glad they failed. Attorneys must be working on contingency fee basis!
Why you are so surprised? Banks got hefty payments for their incompetence, as well as auto industry. So why those people should just give up? After all if you make impression of being "too big to fall" government quickly pour money on you without asking questions. They drowned enough money to try to get them back from taxpayers.
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