A group of LightSquared Inc.'s lenders reiterated its desire to go after Phil Falcone and Harbinger Capital Partners for a pre-bankruptcy loan made to the wireless satellite company, making it clear that the troubled venture's officers and directors will not be a target of the lawsuit, Dow Jones Daily Bankruptcy Review reported yesterday. In a bankruptcy court filing on Friday, the lenders said that while they still want a court to let them challenge a July 2011 loan Harbinger made to LightSquared, they do not "at this time" seek any action against LightSquared itself. In a Dec. 12 filing, LightSquared said that it was concerned that its officers and directors would be targets of the suit.
