LightSquared is slated to exit bankruptcy on May 31, and is required to have its future reorganization plan complete by July15.
Philip Falcone
Just when it seemed that LightSquared and its threat to GPS had finally faded away, following the February withdrawal of its operating licenses by the U.S. Federal Communications Commission (FCC), the company is back again, with new plans and, more surprisingly, a modest degree of FCC support.