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Sprint and Virgin Mobile Settle Shareholder Lawsuits

Article Comments  6  

Oct 7, 2009, 10:57 AM   by Eric M. Zeman   @phonescooper

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 The lawsuits have been withdrawn.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

more info at Associated Press / Yahoo News »



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Oct 7, 2009, 11:59 AM


I'd love to see more about the Sprint/iPCS agreement. I can't see anyway that Sprint gains from the "partnership" yet iPCS seems to sue over every move that Sprint makes.

I'm half expecting to see them sue T-Mobile simply because DT had talked about trying to buy Sprint, and T-Mobile operates in their area.
the bad fart of wireless for Sprint. They just linger and linger and won't go away.
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