LightSquared preps to sue FCC

Josh Peterson Contributor
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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