LightSquared lost $51.4 million in July, bringing Philip Falcone's wireless venture's total loss since its May 2012 bankruptcy filing to $1.51 billion, Dow Jones Daily Bankruptcy Review reported today. In a Friday filing with U.S. Bankruptcy Court in Manhattan, the company again attributed the bulk of the losses to interest payments on its debt. The interest accounted for $39.4 million during July, and $903.8 million since the company's chapter 11 filing.
