Chicago Tribune – Hedge fund Harbinger Capital, led by billionaire Phil Falcone, has sued Deere & Co. and GPS makers for $1.9 billion in damages in an effort recoup its investment in bankrupt wireless company LightSquared, court papers show.
LightSquared filed for bankruptcy last year after Moline-based Deere, Garmin International, Trimble Navigation Ltd and GPS industry groups all opposed its plan to build a wireless network due to concerns that LightSquared spectrum would interfere with GPS systems, which are used in everything from farm machinery to airline navigation.
