LightSquared is the broadband wireless company that filed for Chapter 11 in May. Phil Falcone is the Harbinger Capital founder who owns a majority interest in LightSquared. In June, the Securities and Exchange Commission charged Mr. Falcone with arranging to borrow $113.2 million from Harbinger against the advice of Harbinger’s then-operating chief and two lawyers. In July, The Wall Street Journal reported that Mr. Falcone planned to defend himself by “deflecting blame to a former Harbinger operating chief and two lawyers.” We mention these things because Mr. Falcone is feeling stubborn about a legal matter. From Dow Jones: Read More