We heard from Harbinger’s Phil Falcone after we noted the $63M lawsuit filed by ex-employee Arthur Kagan, who was originally described by the NY Post as “a former Harbinger partner and chief investment officer.”

According to Falcone: “He was never a CIO, only an analyst and the suit is absolutely without merit. We clearly plan to vigorously defend”

The NY Post must have amended their original article, which now describes Kagan as “a former Harbinger partner and investment officer”, not CIO.

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