Falcone's LightSquared Hires Legal Team to Fight Regulators
by Scott Moritz and Todd Shields - Mar 13, 2012 6:12 PM ET .
Billionaire Philip Falcone's LightSquared Inc. hired litigators Theodore Olson and Eugene Scalia of Gibson Dunn & Crutcher LLP as it gears up for a possible legal battle with U.S. regulators.
The wireless venture, facing a regulatory rejection for its business plan, is seeking to make sure it doesn't lose its multibillion-dollar investment due to the government's decision, Olson, a former U.S. solicitor general, said today in an e-mailed statement.
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