NEW YORK (TheStreet) -- DISH Network Corp. (DISH) and its Chairman Charles Ergen were sued by Harbinger Capital Partners (HRG), seeking at least $1.5 billion for allegedly trying to strip the hedge fund of its control of bankrupt wireless company LightSquared, Reuters reports.
The lawsuit, filed in a Colorado federal court, accused Ergen of engaging in fraud and of violating a federal anti-racketeering law, according to court documents.
Harbinger controls LightSquared, which has been in Chapter 11 bankruptcy since 2012. Ergen is LightSquared's largest creditor, Reuters noted
Shares of Dish are up 0.57% to $65.53, and Harbinger stock is up 0.32% to $12.67 this morning.
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