Falcone Wants Metting With Grassley Over Letter

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July 7 (Bloomberg) -- Philip Falcone wants to meet with U.S. Senator Charles Grassley after the lawmaker left "an inappropriate impression" about the hedge fund billionaire by referring in a letter to serial violators of securities laws. Grassley asked whether the Federal Communications Commission, which tentatively approved Falcone’s LightSquared wireless venture, is concerned about “multiple investigations” of Falcone, and whether the FCC has safeguards to ensure spectrum isn’t allocated “to serial violators" of securities laws. Bloomberg's Megan Hughes reports from Washington. (Source: Bloomberg)

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