LightSquared and Deere & Co. have settled a long-running legal fight over whether the wireless venture's Global Positioning System network interfered with global receivers made by the farm equipment manufacturer.
A federal appeals court on Monday upheld a decision rejecting claims of fraud by bankrupt wireless venture LightSquared and its equity owner Harbinger Capital Partners against Deere & Co and other GPS firms.
The settlement talks come as LightSquared has submitted to the FCC its testing plans designed to determine where interference may occur between LightSquared's L-band spectrum and GPS receivers and how it can be resolved.
A U.S. judge dismissed the bulk of two lawsuits by bankrupt wireless venture LightSquared and equity owner Harbinger Capital Partners accusing Deere & Co and other GPS firms of misleading them about interference concerns and hastening the company's insolvency.
Bankrupt LightSquared on Friday sued leaders in the GPS industry, including Deere & Co and Garmin International Inc, saying they kept mum about interference concerns stemming from LightSquared's wireless network until the company had already pumped $4 billion into building it.
LightSquared Inc., facing a year-end deadline with partner Sprint Nextel Corp., pressed federal officials Tuesday to rule against critics who say the company's proposed national wireless-Internet network will interfere with global-positioning systems.
If you read the article we posted on December 7 on the Farm Equipment web site entitled, Rural Officials Urge John Deere to Drop Campaign Against LightSquared, I'd like to know what you think about it. But first, if you don't mind, I'm going to tell you what I think.
Start-up wireless provider LightSquared said it will cost the commercial GPS industry as much as $400 million for gear that will eliminate the interference potentially caused by its planned next-generation network.
Billionaire Phil Falcone's LightSquared wireless venture took out full-page newspaper ads to defend its plans to fix interference its network may cause to global-positioning systems used by the U.S. military, automakers and others.
Philip Falcone's proposed LightSquared Inc. wireless service caused interference to 75% of global-positioning system receivers examined in a U.S. government test, according to a draft summary of results.
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