Sprint Agrees To Drop Excess Insurers From Suit

Law360, New York (February 18, 2011, 7:30 PM EST) -- A federal judge in Kansas on Friday granted Sprint Nextel Corp.'s bid to dismiss several insurers from a dispute over who was responsible for its securities litigation defense costs, because the underlying case ended before expenses reached the company's excess policies.

Judge Carlos Murguia of the U.S District Court for the District of Kansas signed off on Sprint's voluntary dismissal without prejudice of its excess carriers from a battle over whether a 2003 securities suit over tax shelter issues is related to earlier litigation stemming from...
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