Sprint Loses Attempt to Skirt $300M Tax Lawsuit
Sprint has been handed a defeat in its attempt to escape a $300 million sales tax case brought against it by the State of New York. New York alleged that Sprint underpaid sales taxes by as much as $130 million during a multi-year period beginning in 2005. Sprint sought to dismiss the case, but was shot down by an appeals court. The decision leaves New York open to pursue Sprint under the state's False Claims Act, which lets the state charge three times the amount underpaid in taxes. Sprint said it was disappointed with the ruling and is exploring its options.
Sprint to Face $300M Tax Fraud Charge In Court
Sprint lost its bid to have a $300 million lawsuit dismissed and will now face the State of New York in court. The office of New York Attorney General Eric Schneiderman alleges that Sprint failed to collect about $100 million in taxes from its New York-based customers over a period of seven years.
Qualcomm Exonerated In ParkerVision Case
ParkerVision today said it lost an appeal of allegations that Qualcomm was infringing on some of its patents. The U.S.
Gov to Continue Fighting Apple Over iPhone in Drug Case
The U.S. Department of Justice says it has appealed a ruling that prevents it from forcing Apple to unlock an iPhone in a New York drug case.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
Who would have thought..
I thought it was funny that it says that sprint was "Dissapointed". I'd be pretty dissapointed too if somebody tried to sue me for almost 400 million dollars. Hopefully the state takes every single penny from them.
2) I find it odd that NY is presumably the only state seeking financial restitution from Sprint.
3) Half of my mortgage every month goe...