QUOTE
Grassley[1] said yesterday that Falcone, whose Harbinger Capital
Partners hedge fund is LightSquared's main backer, and a
telecommunications executive implied that they wanted the
lawmaker to “pull punches” in an investigation.
“I won't be part of that,” Grassley, an Iowa Republican, said
in a letter to Falcone that sought details of Falcone's
contacts with the executive.
/QUOTE
QUOTE
Falcone said in an October e-mail that LightSquared could be made “a
win” for Grassley, the senator said in his letter. The executive,
Todd Ruelle[2], said in a Jan. 6 telephone conversation with a
member of the senator's staff that a call center might be placed
in Iowa if the service wins U.S. approval, Grassley wrote.
/QUOTE
QUOTE
Grassley is reviewing whether authorities improperly accelerated
the Reston, Virginia-based company's partial approval last year.
LightSquared's plans to bring high-speed data service to as many
as 260 million people need clearance from U.S. officials, who are
weighing test results showing interference with the global-
positioning system.
/QUOTE
QUOTE
Ruelle is listed as chief executive officer of Fine Point
Technologies on the New York-based company's website. Closely
held Fine Point develops software for network operators,
according to the website.
/QUOTE
[1] Charles Ernest "Chuck" Grassley, is Sr. Sen. (R) Iowa.
[2] Todd Ruelle, is Chairman and CEO of Fine Point, a telecommunications co.
From:
http://news.businessweek.com/article...M6RD7TE61LSVM8
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