Was Falcone Just Left At the Alter With Lightsquared?

Poor Phil Falcone. He got married to a trade and was blinded by love until the end, the ultimate sin for a professional.

Falcone's hedge fund, Harbinger Capital Partners, was the odd-man out in a game of musical chairs that is bankruptcy reorganization. Under the latest bankruptcy exit plan for wireless venture LightSquared, the ambitious passion of Falcone’s eye, the hedge fund will be wiped out of its nearly $2 billion investment, FinAlternatives is reporting.

Falcone’s Harbinger Capital Partners odd-man out in bankruptcy reorganization

LightSquared revealed a new reorganization plan yesterday that is notable...