Billionaire Philip Falcone’s LightSquared Inc. hired litigators Theodore Olson and Eugene Scalia of Gibson Dunn & Crutcher LLP (1128L) as it gears up for a possible legal battle with U.S. regulators.
The wireless venture, facing a regulatory rejection for its business plan, is seeking to make sure it doesn’t lose its multibillion-dollar investment due to the government’s decision, Olson, former U.S. solicitor general, said today in an e-mailed statement.
Full Story: Falcone Hires Gibson Dunn for Possible Legal Fight to Salvage LightSquared