Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, filed a new lawsuit accusing satellite TV company Dish Network Corp. and its chairman, Charles Ergen, of illegally trying to strip it of control of wireless company LightSquared during its bankruptcy, Reuters reported yesterday. The lawsuit seeks at least $1.5 billion of damages, which Harbinger wants tripled. It alleges civil violations of the federal Racketeering Influenced and Corrupt Organizations Act (RICO). In the complaint, the defendants were accused of fraudulently scheming to strip Harbinger of its LightSquared equity, and ability to make key decisions during the bankruptcy proceedings, by amassing a large amount of LightSquared debt. The case is Harbinger Capital Partners LLC, et al. v. Ergen, et al., U.S. District Court, Southern District of New York, No. 15-05722.
