LightSquared and Deere & Co. have settled a long-running legal fight over whether the wireless venture's Global Positioning System network interfered with global receivers made by the farm equipment manufacturer.
The settlement talks come as LightSquared has submitted to the FCC its testing plans designed to determine where interference may occur between LightSquared's L-band spectrum and GPS receivers and how it can be resolved.
A U.S. judge dismissed the bulk of two lawsuits by bankrupt wireless venture LightSquared and equity owner Harbinger Capital Partners accusing Deere & Co and other GPS firms of misleading them about interference concerns and hastening the company's insolvency.
Alliance cites importance of GPS to global economy and infrastructure; vows to aid further GPS innovation, creativity and entrepreneurship as well as protect, promote and enhance the use of GPS
Bankrupt LightSquared on Friday sued leaders in the GPS industry, including Deere & Co and Garmin International Inc, saying they kept mum about interference concerns stemming from LightSquared's wireless network until the company had already pumped $4 billion into building it.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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