LightSquared wants its bankruptcy judge to halt Philip Falcone's lawsuits against the global positioning systems industry and the U.S. government until after LightSquared is out of bankruptcy, Dow Jones Daily Bankruptcy Review reported today. In a bankruptcy court filing on Wednesday, LightSquared said that the bankruptcy court has the power to stop these suits filed by Falcone's Harbinger Capital Partners, which currently controls LightSquared's equity. The money Harbinger is going after, LightSquared said, is actually money that could also belong to the LightSquared estate.
