Bankrupt Wireless Firm LightSquared Cuts Employees, But Not Lobbyists

The Hill - May 30, 2012

“We are proud to be part of the LightSquared team and look forward to helping them successfully navigate the regulatory and political process to deploy its nationwide broadband network,” Scofield said. “LightSquared’s voluntary Chapter 11 filing was necessary to preserve the value of LightSquared’s business and to enable continued operations. We have not and will not let up and expect to be successful in the end.”