September 19, 2014 8:51 AM ET

Capital Markets

Company Overview of Harbinger Capital Partners LLC

Company Overview

Harbinger Capital Partners LLC is a privately owned hedge fund sponsor. The firm invests in the public equity and hedging markets. It makes its investments focusing on distressed opportunities, event-driven situations, restructurings, capital structure arbitrage, and short sales of securities. Harbinger Capital Partners LLC was founded in 2001 and is based in New York, New York.

450 Park Avenue

30th Floor

New York, NY 10022

United States

Founded in 2001

Phone:

212-339-5800

Key Executives for Harbinger Capital Partners LLC

President
Age: 52
Chief Financial Officer and Co-Chief Operating Officer
Age: 39
Managing Director
Age: 57
Managing Director and Director of Investments
Compensation as of Fiscal Year 2014.

Harbinger Capital Partners LLC Key Developments

Court Enters Final Judgment by Consent Against SEC Defendants Philip A. Falcone, Harbinger Capital Partners Offshore Manager, Harbinger Capital Partners Special Situations, and Harbinger Capital Partners

The Securities and Exchange Commission announced that, on September 16, 2013, the Honorable Paul A. Crotty, United States District Court Judge for the Southern District of New York, entered a final judgment by consent against Defendants Philip A. Falcone, Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations GP, L.L.C., and Harbinger Capital Partners LLC in two related actions. No judgment was entered against Defendant Peter A. Jenson. The final judgment bars Falcone from the securities industry for at least five years. In addition, Falcone and his advisory firm Harbinger Capital Partners agreed to a settlement in which they must pay more than $18 million in disgorgement and penalties and admit wrongdoing. On August 19, 2013, Falcone agreed to a settlement which requires him to pay $6,507,574 in disgorgement, $1,013,140 in prejudgment interest, and a $4 million penalty. The Harbinger entities are required to pay a $6.5 million penalty. Falcone also consented to the entry of a judgment barring him from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization with a right to reapply after five years. The bar will allow him to assist with the liquidation of his hedge funds under the supervision of an independent monitor.

Harbinger Capital Partners LLC, Harbinger Capital Partners Offshore Manager, L.L.C. and Harbinger Capital Partners Special Situations GP, L.L.C, and Philip A. Falcone Settle with Securities and Exchange Commission

On August 19, 2013, the Securities and Exchange Commission announced that Harbinger Capital Partners LLC, Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations GP, L.L.C., and Philip A. Falcone agreed to a settlement with the SEC to resolve all matters related to the two pending civil actions filed by the SEC against the HCP Parties. The two civil actions were previously disclosed by Harbinger Capital Partners. The settlement has been approved by Commissioners of the SEC but remains subject to the approval of the United States District Court for the Southern District of New York. Under the settlement, Mr. Falcone may continue to own and control Harbinger Capital Partners and serve as its Chief Executive Officer and Chairman of its board. The company and its subsidiaries are not parties to the settlement and the duties and obligations described therein are the duties and obligations of the HCP Parties and not of the Company or its subsidiaries.

United States Securities and Exchange Commission Vote Not to Approve the Agreement in Principle Between the Enforcement Staff of the SEC and Harbinger Capital Partners LLC, Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations GP, L.L.C

Harbinger Capital Partners LLC, Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations GP, L.L.C., and Philip A. Falcone were informed that the United States Securities and Exchange Commission voted not to approve the previously disclosed agreement in principle between the enforcement staff of the SEC and the HCP Parties regarding the settlement of two civil actions filed by the SEC against the HCP Parties.

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