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 […]
Tag: harbinger capital
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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 […]
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). […]
Phil Falcone and his firm Harbinger Capital Partners have taken a settlement offer in the investigation being conducted by the Securities and Exchange Commission. The agency said today in a press release that they must pay over $18 million as […]
The lenders of LightSquared are asking the court to grant them the right to file a lawsuit against Falcone and his hedge fund, Harbinger Capital, in connection with a loan made to the wireless satellite company, according to report from […]
Taking aim at a group of lenders who have raised ‘red flags’ about alleged insider loans received by Chapter 11 cases and wireless company LightSquareD , Harbinger Capital Partners, owned by Phil Falcone, has said the red flags are, in […]