LightSquared, its future in doubt now that the FCC has shot down its 4G network plans, says CEO...

|By:, SA News Editor

LightSquared, its future in doubt now that the FCC has shot down its 4G network plans, says CEO Sanjiv Ajuha has resigned, and that Harbinger Capital's Phil Falcone is joining the company's board. The news comes a week after LightSquared said it would lay off 45% of its workforce, and 11 days after angry Harbinger investors sued Falcone and his firm.