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LightSquared filed for bankruptcy on Monday after failing to negotiate a last-minute deal with its lenders to avoid default. Under the Chapter 11 bankruptcy protection, LightSquared has sought the company will have an opportunity to restructure itself.

LightSquared, the satellite venture of Philip Falcone, was expected to file for bankruptcy protection on Monday, after the billionaire investor was unable to reach agreement with creditors. Talks between the parties broke down last week, and the company ...

(Reuters) - LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. bankruptcy court in Manhattan.

For sale: manufacturing and office facility with 411,618 square feet, state of the art electrical, air, and power distribution systems -- and a troubled past. As part of its bankruptcy proceedings, Solyndra is reportedly very close to landing a ...

said its struggling Residential Capital mortgage subsidiary filed for Chapter 11 bankruptcy early Monday. The filing will help Ally distance itself from litigation-laden ResCap and focus instead on its profitable auto loans and direct banking ...