Garmin faces investor lawsuit

Published on August 13th, 2013

Investors filed a $1.9 billion lawsuit against three GPS receiver manufacturers, including Garmin International, over LightSquared, a now bankrupt company that still hopes to build a wireless broadband network across the United States. The suit, filed Friday, alleges that Garmin International, Deere & Co. and Trimble Navigation, plus the U.S. GPS Industry Council and the Coalition to Save Our GPS, are liable for failing to warn investors about the problems that have forced a halt to the project. – Soundings, full story

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