Relevant:
- Harbinger Is A Harbinger Of Things To Come: Goodbye Phil, You Are Just The Start
- Falcone's Harbinger Hedge Fund Lost 47% on LightSquared in 2011
- SEC Said To Authorize Lawsuit Against Philip Falcone
- Investors Seek to Pull $1 Billion From Hedge Fund
- LightSquared Creditors Want Anti-Bankruptcy Provisions, Falcone Out
2009-05-06 — dealbreaker.com
``Philip Falcone was sued last week by a former mid-level employee. Howard Kagan claims he didn't get paid enough after he stopped working for Harbinger Capital Partners, and that Falcone owes him something in the ballpark of $62 million. According to sources close to Kagan and inside Harbinger, the Guccione mansion-dwelling fund manager doesn't owe the guy near that amount, and that Howie-boy has yet to find a new job.''
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