This guest article is by Philip Falcone, the founder of Harbinger Capital Partners, a private investment fund based in New York.

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It reached an agreement last year with LightSquared, which is backed by Philip Falcone's Harbinger Capital Partners, to suspend payments until 2014.

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First it was disclosed that the Securities and Exchange Commission was threatening his company, Harbinger Capital Partners, with possible civil fraud charges.

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LightSquared, which is backed by the private equity firm Harbinger Capital Partners, aims to construct a nationwide network that uses the fourth-generation (4G) technology LTE.

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Only days after Cleveland-Cliffs announced a banner deal to pick up Alpha Natural Resources, Harbinger Capital Partners, the company's largest shareholder, has come out against the acquisition.

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More recently, he has refused to cash out partners in his Harbinger Capital Fund who would like their money back other than by giving them shares in LightSquared whether they want them or not.

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