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LightSquared Investors Sue Garmin
Article by: Mike Barrett
Date: 15 Aug 2013
The startup LightSquared went bankrupt last year after a decision by the FCC that the proposed frequencies the LightSquared wanted to use would interfere with GPS signals. Now it would appear that the investors have filed a $1.9 billion lawsuit against Garmin, Trimble, and Deere as well as the GPS Industry Council and the Coalition to Save Our GPS.
The basis of the lawsuit hinges on the fact that the defendants were aware of LightSquared plans for the wireless network, but failed to inform the investors that the proposed network would interfere with the GPS signals. On the other hand LightSquared investors claim that GPS were using part of the spectrum owned by LightSquared.
The FCC had always provisioned the area of the network for Satellite to Ground signalling, but allowed LightSquared to conditionally use part of the spectrum as a test. This permission was withdrawn last year causing the collapse of LightSquared.
It would seem that the investors of LightSquared embarked on a gamble that had it paid off would have reaped bountiful profits. As it happened it did not and now rather than accept defeat gracefully they are trying to seek recompense from the original owners and operators of that segment of the airwaves. However, we may not be aware of the full facts of the case and reserve judgment.
Information source Inside GNSS.
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