XTL - Beleaguered Satellite Firm Ligado Networks Sues US for $39B in Spectrum Rights Dispute | Benzinga
Ligado Networks filed a lawsuit against the U.S. government, alleging that the Defense Department and Commerce Department obstructed its business plans with a calculated disinformation campaign.
The long-struggling satellite company seeks compensation of up to $39 billion for the spectrum rights it claims were unjustly denied.
This legal action comes amid the looming threat of $4 billion in November bond payments, as Ligado has been ...