Sprint and Virgin Mobile Settle Shareholder Lawsuits
Today Sprint announced that it has reached an agreement with a number of shareholders who had sued the company over its planned acquisition of Virgin Mobile. Shareholders contended that the acquisition was not in the best interest for shareholders. In order to appease them, Sprint has made a handful of previously unreleased financial documents available that provide more details about the dollar figures involved. The lawsuits have been withdrawn. Sprint still has to face affiliate iPCS, which alleges that the deal breaks its no-compete agreement with Sprint
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