NEW YORK (Reuters) - Philip Falcone's Harbinger Capital on Friday sued agricultural equipment maker Deere & Co
The lawsuit's defendants, who include GPS companies Garmin International and Trimble Navigation Ltd
Other defendants include industry groups the U.S. GPS Industry Council and the Coalition to Save Our GPS.
Harbinger, which has spent billions of dollars on LightSquared, said in a complaint filed on Friday that it never would have made the investments if the GPS industry had disclosed potential interference problems between the LightSquared spectrum and GPS equipment between 2002 and 2009.
The hedge fund accused the defendants of fraud and negligent misrepresentation among other allegations, saying the defendants "knew years ago" all the material facts on which they based their opposition to the LightSquared network.
Deere declined to comment on the case. Garmin and Trimble representatives were not immediately available for comment.
LightSquared filed for bankruptcy protection in May 2012 after the U.S. Federal Communications Commission revoked permission to build out a new high-speed wireless network after tests showed that its network would interfere with GPS systems.
Harbinger filed the lawsuit in the U.S. District Court in Manhattan. Garmin International is a subsidiary of Garmin Ltd
(Reporting by Sinead Carew in New York, James B. Kelleher in Chicago, and Neha Alawadhi in Bangalore; editing by Matthew Lewis)
Source: http://news.yahoo.com/harbinger-sues-deere-gps-companies-1-9-billion-143259017.html
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