Tag: harbinger capital

Falcone Under Fire For Schuff International’s Tender Offer

Philip Falcone’s new investment vehicle, HC2 Holdings Inc (OTCMKTS:HCHC), is being attacked by critics for its move to take over a little known but profitable steel fabricator, Schuff International, Inc (OTCMKTS:SHFK). The company’s shares are traded in the over-the-counter market. The […]

Falcone Banned From Managing NY Insurance Firms

Philip Falcone, CEO and chairman of Harbinger Capital Partners LLC, has been banned from running an insurance company in New York for seven years just as Harbinger Capital subsidiary Fidelity and Guaranty Life is planning a $100 million IPO, reports […]

Lenders Group Contests LightSquared Auction

A group of lenders contest LightSquared Inc’s proposed format for an auction of its wireless-spectrum assets. Tiffany Kary of Bloomberg feels the lenders’ action would foil a $2.2 billion offer from a unit of Charlie Ergen’s DISH Network Corp (NASDAQ:DISH). […]