{"id":61542,"date":"2017-12-27T07:04:47","date_gmt":"2017-12-27T12:04:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=61542"},"modified":"2017-12-27T07:16:19","modified_gmt":"2017-12-27T12:16:19","slug":"hedge-fund-files-2b-suit-over-failed-wireless-network","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2017\/hedge-fund-files-2b-suit-over-failed-wireless-network.html","title":{"rendered":"Hedge Fund Files $2B Suit Over Failed Wireless Network"},"content":{"rendered":"<p>\n(Courthouse News Service) Hedge fund Harbinger Capital claims Apollo Global Management concealed major problems with its plan to build a multibillion-dollar mobile network, inducing Harbinger to invest $2 billion and buy out Apollo\u2019s interest in a company doomed to fail.<\/p>\n<p>In a complaint filed just before Christmas in New York County Supreme Court, Harbinger Capital sued Apollo Global Management, the former owner of SkyTerra, and Apollo-appointed directors of the company for fraud, misrepresentation and breach of fiduciary duty. Harbinger is represented by Marc Kasowitz of Kasowitz Benson Torres in New York City.<\/p>\n<p><a href=\"https:\/\/www.courthousenews.com\/hedge-fund-files-2b-suit-over-failed-wireless-network\/\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Courthouse News Service) Hedge fund Harbinger Capital claims Apollo Global Management concealed major problems with its plan to build a multibillion-dollar mobile network, inducing Harbinger to invest $2 billion and buy out Apollo\u2019s interest in a company doomed to fail. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61542","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=61542"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61542\/revisions"}],"predecessor-version":[{"id":61543,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61542\/revisions\/61543"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=61542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=61542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=61542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}